Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR) by 11.7% in the 4th quarter, HoldingsChannel reports. The firm owned 49,732 shares of the company’s stock after selling 6,605 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Builders FirstSource were worth $8,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. FCF Advisors LLC raised its stake in shares of Builders FirstSource by 81.9% in the fourth quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Builders FirstSource by 13.3% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 52,312 shares of the company’s stock worth $6,512,000 after purchasing an additional 6,155 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Builders FirstSource by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after purchasing an additional 96,638 shares during the last quarter. Czech National Bank purchased a new position in Builders FirstSource during the fourth quarter valued at approximately $3,608,000. Finally, SG Americas Securities LLC raised its position in Builders FirstSource by 99.9% during the fourth quarter. SG Americas Securities LLC now owns 16,790 shares of the company’s stock valued at $2,803,000 after acquiring an additional 8,390 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLDR. DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday. Barclays lifted their price target on Builders FirstSource from $195.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, February 26th. Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Truist Financial lifted their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Finally, StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.60.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $1.13 during trading on Friday, reaching $208.55. The stock had a trading volume of 1,132,766 shares, compared to its average volume of 1,257,001. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The business has a fifty day moving average price of $190.53 and a 200-day moving average price of $155.94. The stock has a market cap of $25.43 billion, a PE ratio of 17.39, a PEG ratio of 1.26 and a beta of 2.04. Builders FirstSource, Inc. has a 1-year low of $84.78 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, equities analysts forecast that Builders FirstSource, Inc. will post 14.02 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 Builders FirstSource stock in a transaction that occurred on 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 sale, 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 is accessible through this hyperlink. Corporate 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.