Wellington Management Group LLP Sells 1,201,366 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Wellington Management Group LLP lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,256,522 shares of the company’s stock after selling 1,201,366 shares during the quarter. Wellington Management Group LLP owned approximately 1.99% of Builders FirstSource worth $322,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BLDR. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource in the third quarter worth $2,099,877,000. Norges Bank bought a new position in Builders FirstSource in the 4th quarter worth about $199,890,000. Proficio Capital Partners LLC increased its stake in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $62,450,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $125.40 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $14.25 billion, a P/E ratio of 13.84, a P/E/G ratio of 0.80 and a beta of 2.19. The business’s 50 day moving average price is $143.98 and its 200-day moving average price is $163.76. Builders FirstSource, Inc. has a fifty-two week low of $119.65 and a fifty-two week high of $210.00.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James reaffirmed an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a report on Monday, February 24th. The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $188.63.

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.