Builders FirstSource, Inc. $BLDR Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 22.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,755 shares of the company’s stock after selling 41,497 shares during the period. Fisher Asset Management LLC owned approximately 0.13% of Builders FirstSource worth $17,008,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BLDR. Smithfield Trust Co boosted its position in Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after purchasing an additional 274 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth $67,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth about $67,000. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 109 shares in the last quarter. Finally, New Age Alpha Advisors LLC grew its stake in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after acquiring an additional 119 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. UBS Group lifted their target price on shares of Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets dropped their price target on Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. KeyCorp set a $145.00 price objective on Builders FirstSource in a research report on Wednesday, October 1st. Finally, Robert W. Baird set a $135.00 price objective on Builders FirstSource in a research note on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Price Performance

BLDR stock opened at $114.81 on Thursday. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 21.87, a price-to-earnings-growth ratio of 12.11 and a beta of 1.56. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $184.14. The stock’s fifty day simple moving average is $115.46 and its 200-day simple moving average is $122.62.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $3.07 earnings per share. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.