Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,822,958 shares of the company's stock after selling 97,680 shares during the quarter. Geode Capital Management LLC owned 2.45% of Builders FirstSource worth $545,392,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Builders FirstSource during the 2nd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new stake in Builders FirstSource in the third quarter valued at $30,000. First Horizon Advisors Inc. grew its position in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after purchasing an additional 75 shares during the period. Finally, New Millennium Group LLC purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred 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 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 SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several analyst reports. Loop Capital raised their target price on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Barclays raised 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. Finally, UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a "buy" rating and a $232.00 price objective for the company. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $210.00.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $4.49 during trading on Friday, reaching $166.19. The stock had a trading volume of 1,406,946 shares, compared to its average volume of 1,530,210. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a market cap of $19.13 billion, a PE ratio of 16.23, a PEG ratio of 0.96 and a beta of 2.06. The business has a fifty day moving average price of $181.69 and a 200-day moving average price of $169.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The company's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the firm earned $4.24 EPS. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

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.