Janus Henderson Group PLC Sells 7,196 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Janus Henderson Group PLC reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 36.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,586 shares of the company's stock after selling 7,196 shares during the quarter. Janus Henderson Group PLC's holdings in Builders FirstSource were worth $2,442,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $27,000. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. bought a new stake in Builders FirstSource in the third quarter worth approximately $30,000. First Horizon Advisors Inc. increased its stake in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after purchasing an additional 75 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $38,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Builders FirstSource

In other 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 transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLDR. UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 target price on the stock. DA Davidson raised their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a "buy" rating and a $225.00 target price for the company. 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 research report on Monday, September 16th. Finally, Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Stock Performance

Shares of BLDR traded down $4.49 on Friday, reaching $166.19. 1,406,946 shares of the stock traded hands, compared to its average volume of 1,530,210. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.96 and a beta of 2.06. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock's 50-day moving average price is $181.69 and its 200-day moving average price is $169.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the prior year, the company posted $4.24 EPS. The company's quarterly revenue was down 6.7% compared to the same quarter last year. Equities analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

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.