Aviva PLC Sells 22,232 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Posted by Defense World Staff on Feb 26th, 2023

Aviva PLC decreased its position in Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 44.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,017 shares of the company’s stock after selling 22,232 shares during the quarter. Aviva PLC’s holdings in Builders FirstSource were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BLDR. Goodwin Investment Advisory bought a new stake in Builders FirstSource in the second quarter valued at approximately $27,000. Banque Cantonale Vaudoise bought a new stake in Builders FirstSource in the third quarter valued at approximately $36,000. Ronald Blue Trust Inc. bought a new stake in Builders FirstSource in the second quarter valued at approximately $42,000. Zions Bancorporation N.A. bought a new stake in Builders FirstSource in the first quarter valued at approximately $55,000. Finally, EMC Capital Management lifted its position in Builders FirstSource by 15.2% in the second quarter. EMC Capital Management now owns 1,181 shares of the company’s stock valued at $63,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Wedbush lowered their price objective on Builders FirstSource from $110.00 to $80.00 in a research report on Wednesday, November 9th. Stephens reduced their target price on Builders FirstSource from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Zelman & Associates cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Barclays boosted their target price on Builders FirstSource from $80.00 to $85.00 in a research note on Wednesday, December 14th. Finally, Robert W. Baird reduced their target price on Builders FirstSource from $84.00 to $80.00 in a research note on Thursday, November 17th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.75.

Builders FirstSource Trading Up 0.1 %

NYSE BLDR opened at $80.06 on Friday. Builders FirstSource, Inc. has a 12 month low of $48.91 and a 12 month high of $85.40. The stock has a market cap of $11.78 billion, a P/E ratio of 4.90 and a beta of 2.01. The stock’s fifty day moving average price is $73.47 and its 200-day moving average price is $64.98. The company has a current ratio of 1.93, a quick ratio of 1.16 and a debt-to-equity ratio of 0.61.

Builders FirstSource Company Profile

(Get Rating)

Builders FirstSource, Inc engages in the supply and manufacture of building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood.