Yousif Capital Management LLC Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

Yousif Capital Management LLC cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 58.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,182 shares of the company’s stock after selling 34,715 shares during the period. Yousif Capital Management LLC’s holdings in Builders FirstSource were worth $4,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in Builders FirstSource in the fourth quarter worth $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $29,000. Lindbrook Capital LLC boosted its position in Builders FirstSource by 237.7% during the fourth quarter. Lindbrook Capital LLC now owns 233 shares of the company’s stock valued at $39,000 after buying an additional 164 shares during the period. Rock Creek Group LP purchased a new stake in Builders FirstSource during the third quarter valued at about $30,000. Finally, Raleigh Capital Management Inc. boosted its position in Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush upped their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Barclays upped their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Jefferies Financial Group upped their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, 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. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.06.

Builders FirstSource Price Performance

BLDR stock opened at $187.64 on Friday. Builders FirstSource, Inc. has a 1 year low of $90.35 and a 1 year high of $214.70. The company has a market cap of $22.88 billion, a P/E ratio of 15.65, a PEG ratio of 1.16 and a beta of 2.04. The firm has a 50-day moving average of $195.18 and a 200 day moving average of $164.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11.

Builders FirstSource (NYSE:BLDR) last released 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. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS 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.