iA Global Asset Management Inc. Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

iA Global Asset Management Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,480 shares of the company’s stock after selling 37,120 shares during the period. iA Global Asset Management Inc.’s holdings in Builders FirstSource were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BLDR. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Builders FirstSource during the third quarter worth $46,000. Finally, Avion Wealth boosted its holdings in shares of Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after purchasing an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Performance

BLDR opened at $126.42 on Friday. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1-year low of $122.49 and a 1-year high of $212.24. The business has a 50 day moving average price of $148.43 and a two-hundred day moving average price of $165.95.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.54% and a net margin of 6.57%. Research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.