Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,228 shares of the company's stock after selling 11,886 shares during the quarter. Amalgamated Bank's holdings in Builders FirstSource were worth $4,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Boston Partners grew its stake in shares of Builders FirstSource by 0.8% in the first quarter. Boston Partners now owns 1,377,335 shares of the company's stock worth $285,794,000 after acquiring an additional 10,551 shares during the period. Massachusetts Financial Services Co. MA grew its position in Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock valued at $163,373,000 after buying an additional 911,990 shares during the period. Bank of New York Mellon Corp grew its position in Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company's stock valued at $147,059,000 after buying an additional 196,571 shares during the period. William Blair Investment Management LLC grew its position in Builders FirstSource by 1.2% during the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company's stock valued at $145,533,000 after buying an additional 12,518 shares during the period. Finally, Anomaly Capital Management LP grew its position in Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company's stock valued at $141,239,000 after buying an additional 187,371 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $0.84 during midday trading on Friday, hitting $178.35. The company's stock had a trading volume of 1,353,154 shares, compared to its average volume of 1,310,087. The firm has a market cap of $20.52 billion, a P/E ratio of 17.42, a P/E/G ratio of 10.48 and a beta of 2.08. Builders FirstSource, Inc. has a fifty-two week low of $120.80 and a fifty-two week high of $214.70. The firm's 50 day moving average is $184.79 and its 200-day moving average is $168.52. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.24 EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.64 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a stock repurchase program on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BLDR shares. DA Davidson lifted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday. Truist Financial raised shares of Builders FirstSource from a "hold" rating to a "buy" rating and lifted their price target for the company from $165.00 to $220.00 in a report on Monday, September 16th. Baird R W raised shares of Builders FirstSource from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Robert W. Baird boosted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $206.47.

Builders FirstSource 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.