Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 27.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,523 shares of the company's stock after selling 9,583 shares during the quarter. Sanctuary Advisors LLC's holdings in Builders FirstSource were worth $4,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Mountaineer Partners Management LLC purchased a new position in shares of Builders FirstSource during the third quarter worth approximately $2,099,877,000. FMR LLC lifted its position in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock valued at $1,969,259,000 after buying an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $267,132,000. Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in 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 during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $5.89 during midday trading on Monday, hitting $160.54. The company had a trading volume of 1,948,848 shares, compared to its average volume of 1,532,036. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 0.96 and a beta of 2.06. The company's 50 day simple moving average is $181.06 and its 200 day simple moving average is $169.14. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. 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 (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 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 for the quarter, compared to analysts' expectations of $4.44 billion. During the same period last year, the firm earned $4.24 EPS. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. Research analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BLDR shares. DA Davidson raised their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday. Loop Capital lifted their target price on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Friday, September 20th. Barclays boosted their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, Robert W. Baird increased their price objective on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is currently owned by company insiders.

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.