Vident Investment Advisory LLC Has $2.64 Million Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)


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Vident Investment Advisory LLC trimmed its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,765 shares of the company’s stock after selling 4,268 shares during the period. Vident Investment Advisory LLC owned about 0.06% of Builders FirstSource worth $2,643,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. FMR LLC increased its stake in Builders FirstSource by 9.5% in the 1st quarter. FMR LLC now owns 1,703,004 shares of the company’s stock valued at $22,718,000 after buying an additional 147,779 shares during the last quarter. First Trust Advisors LP increased its stake in Builders FirstSource by 192.1% in the 1st quarter. First Trust Advisors LP now owns 119,675 shares of the company’s stock valued at $1,596,000 after buying an additional 78,703 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Builders FirstSource by 216.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,950 shares of the company’s stock valued at $129,000 after buying an additional 2,700 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in Builders FirstSource in the 3rd quarter valued at $4,971,000. Finally, Simon Quick Advisors LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 95.33% of the company’s stock.

Shares of BLDR stock opened at $41.38 on Tuesday. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 22.74 and a beta of 2.65. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.21 and a current ratio of 1.90. The company has a 50-day simple moving average of $41.06 and a 200 day simple moving average of $35.52. Builders FirstSource, Inc. has a 52 week low of $9.00 and a 52 week high of $44.13.

Several equities research analysts have issued reports on the stock. BTIG Research lifted their price target on shares of Builders FirstSource from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Truist lifted their price objective on shares of Builders FirstSource from $39.00 to $48.00 in a research report on Tuesday, January 5th. Wedbush lifted their price objective on shares of Builders FirstSource from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 23rd. Zacks Investment Research downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Wednesday, January 6th. Finally, BMO Capital Markets began coverage on shares of Builders FirstSource in a research report on Wednesday, January 13th. They issued an “outperform” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and an average price target of $38.94.

About Builders FirstSource

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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