Geode Capital Management LLC Trims Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Geode Capital Management LLC cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,822,958 shares of the company’s stock after selling 97,680 shares during the period. Geode Capital Management LLC’s holdings in Builders FirstSource were worth $545,392,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource during the third quarter valued at approximately $2,099,877,000. FMR LLC boosted its holdings in shares of Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after buying an additional 277,897 shares during the period. Baillie Gifford & Co. bought a new stake in Builders FirstSource in the third quarter valued at $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $255,867,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLDR. UBS Group initiated coverage on Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. The Goldman Sachs Group started coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Tuesday. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Trading Down 0.9 %

Shares of Builders FirstSource stock opened at $170.67 on Friday. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The business has a 50-day moving average price of $182.21 and a 200-day moving average price of $169.03. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 0.98 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $4.24 EPS. The business’s revenue was down 6.7% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Builders FirstSource Company 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.