Telemus Capital LLC Sells 1,785 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Telemus Capital LLC trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,906 shares of the company’s stock after selling 1,785 shares during the quarter. Telemus Capital LLC’s holdings in Builders FirstSource were worth $4,499,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BLDR. Wellington Management Group LLP boosted its stake in Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after acquiring an additional 1,455,580 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Builders FirstSource by 100.7% in the second quarter. AQR Capital Management LLC now owns 2,092,221 shares of the company’s stock valued at $108,000,000 after purchasing an additional 1,049,896 shares during the last quarter. Coliseum Capital Management LLC raised its holdings in shares of Builders FirstSource by 16.4% in the second quarter. Coliseum Capital Management LLC now owns 6,462,850 shares of the company’s stock valued at $347,055,000 after purchasing an additional 909,392 shares during the last quarter. Natixis raised its holdings in shares of Builders FirstSource by 56.2% in the second quarter. Natixis now owns 1,341,850 shares of the company’s stock valued at $72,133,000 after purchasing an additional 482,629 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in Builders FirstSource by 34.0% during the third quarter. Assetmark Inc. now owns 1,845,728 shares of the company’s stock worth $108,750,000 after buying an additional 468,391 shares during the last quarter. 94.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Builders FirstSource from $67.00 to $78.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 1st. B. Riley raised their price objective on shares of Builders FirstSource from $70.00 to $77.00 in a report on Wednesday, March 1st. Zelman & Associates downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Robert W. Baird raised their price objective on shares of Builders FirstSource from $80.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Finally, Truist Financial lifted their target price on shares of Builders FirstSource from $85.00 to $97.00 in a research note on Wednesday, March 1st. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.77.

Builders FirstSource Price Performance

BLDR stock opened at $80.09 on Friday. The firm has a 50 day moving average of $78.95 and a 200-day moving average of $67.67. The company has a current ratio of 1.90, a quick ratio of 1.12 and a debt-to-equity ratio of 0.60. Builders FirstSource, Inc. has a 12 month low of $48.91 and a 12 month high of $90.21. The firm has a market capitalization of $11.05 billion, a P/E ratio of 4.81 and a beta of 1.98.

Builders FirstSource (NYSE:BLDR – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.84. Builders FirstSource had a net margin of 12.10% and a return on equity of 59.80%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same period last year, the business earned $2.78 earnings per share. Builders FirstSource’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 7.14 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

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Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.