Achmea Investment Management B.V. Sells 9,989 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Achmea Investment Management B.V. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 92,251 shares of the company’s stock after selling 9,989 shares during the quarter. Achmea Investment Management B.V.’s holdings in Builders FirstSource were worth $13,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vestcor Inc grew its holdings in Builders FirstSource by 11.6% during the fourth quarter. Vestcor Inc now owns 8,904 shares of the company’s stock valued at $1,273,000 after purchasing an additional 928 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Builders FirstSource by 243.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,428 shares of the company’s stock worth $776,000 after purchasing an additional 3,848 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Builders FirstSource by 22.0% in the 4th quarter. Truvestments Capital LLC now owns 7,567 shares of the company’s stock valued at $1,082,000 after buying an additional 1,366 shares during the period. PFG Advisors increased its position in shares of Builders FirstSource by 17.5% in the 4th quarter. PFG Advisors now owns 3,855 shares of the company’s stock valued at $551,000 after buying an additional 575 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Builders FirstSource by 7.2% in the 4th quarter. HighTower Advisors LLC now owns 23,688 shares of the company’s stock valued at $3,386,000 after buying an additional 1,588 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Raymond James reissued an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Barclays cut their price target 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. Finally, BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Trading Down 5.3 %

BLDR stock opened at $122.56 on Friday. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company’s 50-day simple moving average is $150.72 and its 200 day simple moving average is $168.22. The company has a market capitalization of $13.93 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

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