Builders FirstSource, Inc. (NYSE:BLDR) Position Decreased by State Street Corp

State Street Corp decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,119,563 shares of the company's stock after selling 412,568 shares during the quarter. State Street Corp owned about 4.45% of Builders FirstSource worth $992,479,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts have issued reports on BLDR shares. DA Davidson raised their price objective 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. Stephens lifted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Barclays raised their target price on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Oppenheimer reissued an "outperform" rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, StockNews.com raised Builders FirstSource from a "hold" rating to a "buy" rating in a report on Wednesday. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $210.00.

Builders FirstSource Stock Down 0.0 %

Builders FirstSource stock traded down $0.07 during midday trading 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 business has a fifty day moving average price of $183.99 and a 200 day moving average price of $168.90. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The stock has a market cap of $20.23 billion, a P/E ratio of 17.17, a P/E/G ratio of 0.99 and a beta of 2.06. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

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 analysts' consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource's revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.24 earnings per share. Research analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.80% of the company's stock.

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.