Artemis Investment Management LLP Trims Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Artemis Investment Management LLP cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 571,681 shares of the company’s stock after selling 14,038 shares during the quarter. Builders FirstSource makes up approximately 1.2% of Artemis Investment Management LLP’s holdings, making the stock its 24th largest holding. Artemis Investment Management LLP owned about 0.50% of Builders FirstSource worth $81,710,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in Builders FirstSource by 9.5% in the second quarter. Envestnet Asset Management Inc. now owns 146,248 shares of the company’s stock valued at $20,242,000 after acquiring an additional 12,693 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Builders FirstSource by 28.4% in the 2nd quarter. Mutual of America Capital Management LLC now owns 43,230 shares of the company’s stock valued at $5,983,000 after purchasing an additional 9,563 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Builders FirstSource by 9.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,879 shares of the company’s stock worth $260,000 after purchasing an additional 159 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Builders FirstSource by 0.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock worth $1,417,000 after purchasing an additional 74 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in Builders FirstSource by 12.0% in the second quarter. Blair William & Co. IL now owns 5,570 shares of the company’s stock valued at $771,000 after buying an additional 598 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of research analyst reports. Robert W. Baird increased their target price on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group began coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 price objective on the stock. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Royal Bank of Canada increased their price objective on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $164.09 on Friday. The firm’s 50-day simple moving average is $163.99 and its 200 day simple moving average is $169.54. The stock has a market cap of $18.88 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.75 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.24 earnings per share. Equities analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by 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.