Dorsey Wright & Associates Sells 20,703 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Dorsey Wright & Associates reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 92.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,687 shares of the company's stock after selling 20,703 shares during the quarter. Dorsey Wright & Associates' holdings in Builders FirstSource were worth $327,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. CWM LLC boosted its holdings in shares of Builders FirstSource by 5.2% in the 2nd quarter. CWM LLC now owns 3,141 shares of the company's stock worth $435,000 after acquiring an additional 155 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Builders FirstSource by 7.8% during the 2nd quarter. QRG Capital Management Inc. now owns 17,677 shares of the company's stock worth $2,447,000 after buying an additional 1,283 shares in the last quarter. Gateway Investment Advisers LLC lifted its holdings in Builders FirstSource by 82.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 2,929 shares of the company's stock worth $405,000 after buying an additional 1,327 shares in the last quarter. Czech National Bank lifted its holdings in Builders FirstSource by 7.2% during the 2nd quarter. Czech National Bank now owns 23,260 shares of the company's stock worth $3,219,000 after buying an additional 1,557 shares in the last quarter. Finally, Transform Wealth LLC lifted its holdings in Builders FirstSource by 6.1% during the 2nd quarter. Transform Wealth LLC now owns 40,579 shares of the company's stock worth $5,616,000 after buying an additional 2,315 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Builders FirstSource Stock Down 0.0 %

BLDR stock traded down $0.07 during trading hours on Friday, reaching $175.82. 981,648 shares of the stock were exchanged, compared to its average volume of 1,085,057. The firm's 50-day moving average is $183.99 and its 200-day moving average is $168.92. The company has a market cap of $20.23 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.99 and a beta of 2.06. 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, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results 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). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. Builders FirstSource's revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter last year, the company posted $4.24 EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the topic of several research reports. DA Davidson upped their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Barclays upped their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their price objective on Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. The Goldman Sachs Group started 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 for the company. Finally, Robert W. Baird upped their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $210.00.

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.