Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 33,466 shares of the company's stock after selling 2,924 shares during the period. Builders FirstSource comprises about 2.0% of O Brien Greene & Co. Inc's holdings, making the stock its 21st biggest holding. O Brien Greene & Co. Inc's holdings in Builders FirstSource were worth $6,488,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group acquired a new stake in Builders FirstSource during the third quarter worth about $28,000. Armstrong Advisory Group Inc. acquired a new position in shares of Builders FirstSource in the third quarter worth $30,000. Innealta Capital LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth about $27,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $46,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 owns 33,083 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on BLDR shares. Oppenheimer restated an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective on the stock. Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, Wedbush restated an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Stock Performance

BLDR traded up $1.07 during trading on Monday, hitting $176.89. The stock had a trading volume of 986,468 shares, compared to its average volume of 1,536,681. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The firm has a market capitalization of $20.36 billion, a P/E ratio of 17.17, a PEG ratio of 0.98 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 company's 50-day moving average price is $183.99 and its 200 day moving average price is $168.92.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The company 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 business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period last year, the company earned $4.24 earnings per share. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 EPS 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.