Hodges Capital Management Inc. Has $8.49 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Hodges Capital Management Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,781 shares of the company's stock after selling 7,732 shares during the quarter. Hodges Capital Management Inc.'s holdings in Builders FirstSource were worth $8,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Forsta AP Fonden boosted its holdings in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock worth $5,195,000 after purchasing an additional 2,900 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Builders FirstSource by 18.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock valued at $16,055,000 after acquiring an additional 18,223 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Builders FirstSource by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock valued at $152,343,000 after acquiring an additional 16,000 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in Builders FirstSource in the 3rd quarter worth approximately $1,471,000. Finally, Independent Advisor Alliance bought a new stake in Builders FirstSource during the third quarter worth approximately $259,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on BLDR. DA Davidson lifted their target price 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. Barclays lifted their price objective on Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group increased their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $210.00.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. This represents 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 through this link. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $0.07 on Friday, hitting $175.82. The stock had a trading volume of 981,648 shares, compared to its average volume of 1,085,057. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.99 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm's 50 day moving average price is $183.99 and its 200-day moving average price is $168.92. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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). 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 quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.24 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

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.