Wellington Management Group LLP Lowers Position in Builders FirstSource, Inc. (NYSE:BLDR)

Wellington Management Group LLP reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 0.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,203,024 shares of the company’s stock after selling 56,724 shares during the quarter. Wellington Management Group LLP owned approximately 6.73% of Builders FirstSource worth $1,369,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BLDR. Norges Bank bought a new position in Builders FirstSource in the 4th quarter valued at $212,209,000. Invesco Ltd. raised its holdings in shares of Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares in the last quarter. Boston Partners raised its holdings in shares of Builders FirstSource by 73.5% during the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Builders FirstSource by 30,560.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after buying an additional 556,501 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Builders FirstSource by 152.9% in the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after purchasing an additional 295,643 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by company insiders.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $1.60 during trading on Friday, hitting $149.55. The company had a trading volume of 1,330,344 shares, compared to its average volume of 1,929,759. The stock has a 50 day simple moving average of $171.48 and a 200 day simple moving average of $176.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The firm has a market capitalization of $18.25 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 2.41 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the business posted $2.96 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the topic of several research reports. 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 dropped their target price on Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a report on Wednesday, May 8th. Robert W. Baird decreased their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Truist Financial decreased their price target on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Finally, Royal Bank of Canada boosted their price target on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $195.13.

Builders FirstSource 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.