Harvest Fund Management Co. Ltd Has $68,000 Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Harvest Fund Management Co. Ltd lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 60.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 410 shares of the company’s stock after selling 625 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Builders FirstSource were worth $68,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cumberland Partners Ltd acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $835,000. GAMMA Investing LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $158,000. Larson Financial Group LLC boosted its holdings in shares of Builders FirstSource by 77.4% in the 4th quarter. Larson Financial Group LLC now owns 871 shares of the company’s stock valued at $145,000 after buying an additional 380 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Builders FirstSource by 21.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 67,242 shares of the company’s stock valued at $11,225,000 after buying an additional 11,695 shares during the last quarter. Finally, Telemus Capital LLC boosted its holdings in shares of Builders FirstSource by 3.3% in the 4th quarter. Telemus Capital LLC now owns 52,468 shares of the company’s stock valued at $8,759,000 after buying an additional 1,676 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $185.11 on Friday. The stock has a market cap of $22.57 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average is $195.18 and its 200-day moving average is $164.58. Builders FirstSource, Inc. has a 1-year low of $90.10 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.85. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. Equities research analysts anticipate that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Insider Buying and Selling

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s 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 transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wedbush raised their price target on Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada raised their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Truist Financial raised their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price target for the company from $153.00 to $200.00 in a report on Monday, January 29th. Finally, Barclays lifted their target price on Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.06.

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.