Yousif Capital Management LLC Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Yousif Capital Management LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDRGet Rating) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 77,056 shares of the company’s stock after selling 4,198 shares during the quarter. Yousif Capital Management LLC owned about 0.05% of Builders FirstSource worth $4,999,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Goodwin Investment Advisory purchased a new stake in shares of Builders FirstSource during the second quarter valued at about $27,000. Banque Cantonale Vaudoise purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $36,000. Ronald Blue Trust Inc. purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at approximately $42,000. Zions Bancorporation N.A. purchased a new position in shares of Builders FirstSource in the 1st quarter valued at approximately $55,000. Finally, Fairfield Bush & CO. purchased a new position in Builders FirstSource during the 1st quarter worth approximately $64,000. 94.71% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $80.09 on Friday. The company’s fifty day moving average price is $78.95 and its 200 day moving average price is $67.67. Builders FirstSource, Inc. has a 1 year low of $48.91 and a 1 year high of $90.21. The stock has a market capitalization of $11.05 billion, a P/E ratio of 4.81 and a beta of 1.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.12 and a current ratio of 1.90.

Builders FirstSource (NYSE:BLDRGet Rating) last released its quarterly earnings results on Tuesday, February 28th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.84. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.25 billion. During the same quarter last year, the company earned $2.78 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 7.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. Benchmark raised their price target on shares of Builders FirstSource from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. B. Riley raised their price target on shares of Builders FirstSource from $70.00 to $77.00 in a research report on Wednesday, March 1st. Truist Financial raised their price objective on shares of Builders FirstSource from $85.00 to $97.00 in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Builders FirstSource from $90.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Finally, Wedbush raised their price objective on shares of Builders FirstSource from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 27th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.77.

About Builders FirstSource

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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