Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 218,271 shares of the company’s stock after selling 8,106 shares during the quarter. Fisher Asset Management LLC owned about 0.18% of Builders FirstSource worth $36,438,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $29,000. Lindbrook Capital LLC grew its position in Builders FirstSource by 237.7% during the fourth quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock valued at $39,000 after acquiring an additional 164 shares during the period. Rock Creek Group LP acquired a new stake in Builders FirstSource during the third quarter worth about $30,000. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Builders FirstSource by 134.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $195.81 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 1.22 and a beta of 2.08. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70. The company’s 50-day simple moving average is $195.49 and its 200-day simple moving average is $167.76.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Equities analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BLDR shares. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Oppenheimer upped their price target on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Barclays boosted their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.33.

Insider Buying and Selling

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.