Burney Co. Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Burney Co. decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,883 shares of the company's stock after selling 4,492 shares during the quarter. Burney Co.'s holdings in Builders FirstSource were worth $4,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource during the 3rd quarter valued at about $2,099,877,000. FMR LLC lifted its position in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Builders FirstSource by 23.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after purchasing an additional 277,897 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in Builders FirstSource during the 3rd quarter valued at $255,867,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $0.93 on Thursday, reaching $160.61. 1,247,669 shares of the company's stock traded hands, compared to its average volume of 1,679,377. The stock has a 50-day simple moving average of $164.27 and a 200-day simple moving average of $169.09. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The firm has a market cap of $18.48 billion, a PE ratio of 15.68, a P/E/G ratio of 0.75 and a beta of 2.11. 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 (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $4.24 EPS. The firm's revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction dated 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 sale, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BLDR shares. UBS Group started coverage on Builders FirstSource in a research note on Friday, October 25th. They issued a "buy" rating and a $232.00 price target on the stock. Stifel Nicolaus restated a "buy" rating and set a $175.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 8th. Jefferies Financial Group upped their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. DA Davidson raised their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $207.31.

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.