Mediolanum International Funds Ltd Has $10.79 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Mediolanum International Funds Ltd lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,434 shares of the company's stock after selling 30,898 shares during the quarter. Mediolanum International Funds Ltd owned 0.07% of Builders FirstSource worth $10,788,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the third quarter worth about $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource in the 4th quarter worth about $33,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in Builders FirstSource during the third quarter valued at about $46,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling

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 shares were 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 in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Raymond James began coverage on Builders FirstSource in a report on Friday, January 17th. They set an "outperform" rating and a $180.00 price target for the company. Oppenheimer restated an "outperform" rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, DA Davidson increased their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Trading Up 1.2 %

Shares of NYSE BLDR traded up $1.89 during midday trading on Tuesday, hitting $164.80. The stock had a trading volume of 776,851 shares, compared to its average volume of 1,558,783. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The firm has a market cap of $18.96 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 0.92 and a beta of 2.12. 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 company's 50-day simple moving average is $161.40 and its 200 day simple moving average is $171.46.

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 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 prior year, the firm posted $4.24 earnings per share. The business's revenue was down 6.7% on a year-over-year basis. Research analysts anticipate that Builders FirstSource, Inc. will post 11.52 EPS for the current year.

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.