Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,753 shares of the company’s stock after selling 11,877 shares during the quarter. Whittier Trust Co. owned 0.09% of Builders FirstSource worth $14,972,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $521,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $273,000. Natixis Advisors LLC grew its position in shares of Builders FirstSource by 88.3% during the 3rd quarter. Natixis Advisors LLC now owns 42,142 shares of the company’s stock valued at $8,170,000 after buying an additional 19,757 shares during the last quarter. Swiss National Bank grew its position in shares of Builders FirstSource by 0.4% during the 3rd quarter. Swiss National Bank now owns 362,287 shares of the company’s stock valued at $70,233,000 after buying an additional 1,300 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in shares of Builders FirstSource by 3,220.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 2,557 shares of the company’s stock valued at $496,000 after buying an additional 2,480 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Barclays reduced their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reduced their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Five equities research 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. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $128.20 on Thursday. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $214.70. The firm has a market capitalization of $14.57 billion, a PE ratio of 14.15, a PEG ratio of 0.80 and a beta of 2.19. The business’s 50 day moving average is $149.00 and its 200-day moving average is $166.56. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

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, topping the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Sell-side analysts predict 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.