Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,159 shares of the company's stock after selling 2,205 shares during the quarter. Ritholtz Wealth Management's holdings in Builders FirstSource were worth $4,739,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of BLDR. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource in the 3rd quarter valued at $30,000. Reston Wealth Management LLC purchased a new position in Builders FirstSource during the 3rd quarter worth $39,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth about $46,000. Finally, Friedenthal Financial acquired a new position in shares of Builders FirstSource during the third quarter worth about $50,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Insider Buying and Selling

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BLDR has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Bank of America lifted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Jefferies Financial Group raised their price objective on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Finally, Stephens upped their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Four 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 stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and an average price target of $205.71.

Builders FirstSource Trading Up 2.8 %

Shares of NYSE:BLDR traded up $4.53 during trading on Friday, reaching $165.19. The stock had a trading volume of 352,293 shares, compared to its average volume of 1,553,053. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market cap of $19.01 billion, a P/E ratio of 16.15, a PEG ratio of 0.75 and a beta of 2.11. The business has a fifty day moving average price of $164.27 and a 200-day moving average price of $169.09. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results 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). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The company's revenue was down 6.7% on a year-over-year basis. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Builders FirstSource Company 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.