Paradiem LLC Sells 1,453 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Paradiem LLC trimmed its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,986 shares of the company’s stock after selling 1,453 shares during the quarter. Paradiem LLC’s holdings in Builders FirstSource were worth $5,173,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after acquiring an additional 874,268 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Builders FirstSource by 30,560.2% in the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after buying an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Builders FirstSource by 678.1% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock worth $61,382,000 after buying an additional 429,699 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Builders FirstSource by 19.5% during the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after acquiring an additional 256,609 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in Builders FirstSource by 834.6% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock worth $35,207,000 after acquiring an additional 252,551 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLDR. Jefferies Financial Group upped their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Wedbush lifted their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Oppenheimer upped their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $153.00 to $200.00 in a report on Monday, January 29th. Finally, Royal Bank of Canada increased their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Builders FirstSource Stock Up 1.3 %

Shares of BLDR stock traded up $2.40 on Friday, hitting $187.66. The stock had a trading volume of 826,159 shares, compared to its average volume of 1,181,218. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The company has a market cap of $22.88 billion, a PE ratio of 15.65, a P/E/G ratio of 1.16 and a beta of 2.04. The business has a 50 day moving average price of $195.26 and a 200 day moving average price of $165.35. Builders FirstSource, Inc. has a one year low of $90.35 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, topping the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. Research analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current fiscal year.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

About Builders FirstSource

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.