Barclays PLC Sells 195,548 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Barclays PLC decreased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 46.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 229,503 shares of the company's stock after selling 195,548 shares during the period. Barclays PLC owned approximately 0.20% of Builders FirstSource worth $44,492,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BLDR. Forsta AP Fonden grew its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock valued at $5,195,000 after acquiring an additional 2,900 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Builders FirstSource by 18.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock valued at $16,055,000 after purchasing an additional 18,223 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Builders FirstSource by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock worth $152,343,000 after purchasing an additional 16,000 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $1,471,000. Finally, Independent Advisor Alliance bought a new position in Builders FirstSource in the third quarter valued at approximately $259,000. Institutional investors own 95.53% of the company's stock.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company'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 directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BLDR shares. Bank of America raised their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Barclays boosted their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Loop Capital increased their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. StockNews.com upgraded Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, UBS Group assumed coverage on shares of Builders FirstSource in a research note on Friday, October 25th. They set a "buy" rating and a $232.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Stock Performance

NYSE BLDR traded down $4.49 during trading on Friday, reaching $166.19. 1,406,946 shares of the company's stock were exchanged, compared to its average volume of 1,530,210. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business has a 50 day moving average price of $181.69 and a 200-day moving average price of $169.00. The stock has a market capitalization of $19.13 billion, a P/E ratio of 16.23, a PEG ratio of 0.96 and a beta of 2.06. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share 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 business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. The firm's revenue was down 6.7% compared to the same quarter last year. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

About Builders FirstSource

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.