Zurcher Kantonalbank Zurich Cantonalbank Has $7.48 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 55.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,574 shares of the company's stock after selling 48,041 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Builders FirstSource were worth $7,478,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. De Lisle Partners LLP grew its holdings in Builders FirstSource by 11.3% during the third quarter. De Lisle Partners LLP now owns 75,001 shares of the company's stock valued at $14,548,000 after purchasing an additional 7,600 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at $603,000. Blueshift Asset Management LLC raised its holdings in Builders FirstSource by 33.3% in the 3rd quarter. Blueshift Asset Management LLC now owns 4,933 shares of the company's stock worth $956,000 after acquiring an additional 1,232 shares during the period. Soros Capital Management LLC lifted its position in Builders FirstSource by 577.2% during the 3rd quarter. Soros Capital Management LLC now owns 63,621 shares of the company's stock worth $12,334,000 after acquiring an additional 54,226 shares during the last quarter. Finally, Hardy Reed LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,215,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction 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 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company's stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $1.82 on Monday, reaching $184.65. The stock had a trading volume of 727,923 shares, compared to its average volume of 1,547,328. The company has a market capitalization of $21.25 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.04 and a beta of 2.08. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a fifty day moving average price of $185.33 and a 200-day moving average price of $168.49.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company posted $4.24 EPS. Builders FirstSource's revenue for the quarter was down 6.7% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on BLDR shares. Barclays increased their target price on Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Baird R W raised Builders FirstSource from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a "buy" rating and a $225.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $217.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Robert W. Baird boosted their price objective 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 analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.47.

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.