Entropy Technologies LP Sells 13,930 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Entropy Technologies LP trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 54.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,519 shares of the company's stock after selling 13,930 shares during the quarter. Entropy Technologies LP's holdings in Builders FirstSource were worth $2,233,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BLDR. Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Builders FirstSource by 339.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company's stock worth $163,373,000 after buying an additional 911,990 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Builders FirstSource by 109.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 904,600 shares of the company's stock valued at $175,366,000 after acquiring an additional 473,238 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company's stock valued at $93,535,000 after acquiring an additional 448,407 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Builders FirstSource in the 2nd quarter worth about $49,000,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BLDR. Oppenheimer reissued an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a report on Tuesday, October 29th. Benchmark lowered their target price on shares of Builders FirstSource from $220.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, August 7th. Barclays upped their price target on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, UBS Group assumed coverage on Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 target price on the stock. Five investment 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 company. According to MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and an average target price of $206.47.

Builders FirstSource Stock Up 1.0 %

Shares of BLDR stock traded up $1.84 during trading hours on Wednesday, reaching $180.49. The company had a trading volume of 454,303 shares, compared to its average volume of 1,569,831. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. 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 $127.49 and a 12 month high of $214.70. The business has a fifty day simple moving average of $185.19 and a 200-day simple moving average of $168.18.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted 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 return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the previous year, the company earned $4.24 EPS. The business's revenue was down 6.7% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has approved a stock buyback plan on Tuesday, August 6th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction on 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 sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.80% of the company's stock.

About Builders FirstSource

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.