Mackenzie Financial Corp Lowers Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mackenzie Financial Corp lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 27.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 106,942 shares of the company’s stock after selling 41,116 shares during the period. Mackenzie Financial Corp’s holdings in Builders FirstSource were worth $17,853,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Builders FirstSource by 0.5% during the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock worth $1,124,428,000 after acquiring an additional 86,484 shares during the period. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares during the period. State Street Corp increased its holdings in shares of Builders FirstSource by 0.4% during the 1st quarter. State Street Corp now owns 4,552,723 shares of the company’s stock valued at $404,191,000 after purchasing an additional 17,357 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Builders FirstSource by 182.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after purchasing an additional 1,487,620 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Builders FirstSource by 1.7% during the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after buying an additional 35,562 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource 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 transaction of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $182.44 on Friday. Builders FirstSource, Inc. has a twelve month low of $90.10 and a twelve month high of $214.70. The company has a market cap of $22.25 billion, a P/E ratio of 15.22, a P/E/G ratio of 1.11 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The company’s 50-day moving average price is $195.47 and its 200-day moving average price is $162.39.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price target for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Oppenheimer lifted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $190.06.

Builders FirstSource Company 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.