Builders FirstSource, Inc. $BLDR Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,767 shares of the company’s stock after selling 8,857 shares during the quarter. Rhumbline Advisers owned 0.20% of Builders FirstSource worth $27,253,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BLDR. Norges Bank purchased a new stake in Builders FirstSource in the 2nd quarter valued at approximately $147,994,000. Envestnet Asset Management Inc. boosted its stake in shares of Builders FirstSource by 188.9% in the third quarter. Envestnet Asset Management Inc. now owns 912,144 shares of the company’s stock valued at $110,597,000 after buying an additional 596,409 shares in the last quarter. Brave Warrior Advisors LLC boosted its stake in shares of Builders FirstSource by 47.2% in the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock valued at $213,223,000 after buying an additional 585,683 shares in the last quarter. Atreides Management LP acquired a new position in Builders FirstSource during the second quarter worth $37,592,000. Finally, Bessemer Group Inc. grew its holdings in Builders FirstSource by 135.1% during the third quarter. Bessemer Group Inc. now owns 461,934 shares of the company’s stock worth $56,009,000 after acquiring an additional 265,428 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLDR. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a research report on Friday, October 31st. Finally, Wells Fargo & Company boosted their price target on Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $134.02.

Builders FirstSource Trading Down 4.6%

Shares of BLDR opened at $115.06 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a 50 day simple moving average of $114.19 and a 200-day simple moving average of $120.69. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $157.96. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 14.36 and a beta of 1.56.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.