Builders FirstSource, Inc. (NYSE:BLDR) Position Cut by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,363 shares of the company’s stock after selling 1,462 shares during the quarter. Corebridge Financial Inc.’s holdings in Builders FirstSource were worth $4,054,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BLDR. Smartleaf Asset Management LLC boosted its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares during the period. Mountain Lake Investment Management LLC increased its stake in shares of Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after purchasing an additional 2,367 shares during the period. Fisher Asset Management LLC boosted its position in shares of Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after buying an additional 25,535 shares during the period. Fiera Capital Corp acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $27,089,000. Finally, Lecap Asset Management Ltd. increased its position in Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after acquiring an additional 9,970 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.7 %

NYSE:BLDR opened at $124.53 on Monday. The stock has a fifty day simple moving average of $145.58 and a 200 day simple moving average of $164.53. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $210.00.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Barclays lowered their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

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.