Hodges Capital Management Inc. Lowers Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Hodges Capital Management Inc. lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 43,781 shares of the company’s stock after selling 7,732 shares during the quarter. Hodges Capital Management Inc.’s holdings in Builders FirstSource were worth $8,487,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BLDR shares. Oppenheimer restated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price on the stock. Royal Bank of Canada boosted their price target on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Jefferies Financial Group raised their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Stephens increased their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Stock Down 0.0 %

BLDR stock opened at $175.82 on Friday. The firm has a market cap of $20.23 billion, a PE ratio of 17.17, a PEG ratio of 0.99 and a beta of 2.06. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm’s 50 day moving average price is $183.99 and its 200-day moving average price is $168.90.

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