Allspring Global Investments Holdings LLC Sells 681 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Allspring Global Investments Holdings LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,864 shares of the company’s stock after selling 681 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Builders FirstSource were worth $3,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter valued at about $28,000. Reston Wealth Management LLC bought a new position in Builders FirstSource during the third quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $46,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $71,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Raymond James initiated coverage on Builders FirstSource in a research note on Friday, January 17th. They issued an “outperform” rating and a $180.00 price objective on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, DA Davidson increased their price target on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $144.59 on Friday. The stock’s fifty day simple moving average is $154.79 and its 200 day simple moving average is $170.61. The company has a market capitalization of $16.64 billion, a PE ratio of 14.12, a PEG ratio of 0.82 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. On average, research analysts predict that Builders FirstSource, Inc. will post 11.5 EPS for the current year.

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.