Y Intercept Hong Kong Ltd Sells 45,980 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Y Intercept Hong Kong Ltd reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 86.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,438 shares of the company's stock after selling 45,980 shares during the period. Y Intercept Hong Kong Ltd's holdings in Builders FirstSource were worth $1,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Innealta Capital LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $30,000. First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after buying an additional 75 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at approximately $38,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent research reports. Loop Capital upped their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 20th. StockNews.com upgraded shares of Builders FirstSource from a "hold" rating to a "buy" rating in a research note on Tuesday. Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, November 6th. Barclays increased 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. Finally, Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $210.00.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction 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 sale, the director now owns 33,083 shares of the company's stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded up $1.35 during trading on Wednesday, reaching $172.09. The company had a trading volume of 1,194,107 shares, compared to its average volume of 1,533,645. 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, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a fifty day moving average of $182.71 and a two-hundred day moving average of $169.02. The stock has a market capitalization of $19.80 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 0.98 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its 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 net margin of 7.40% and a return on equity of 33.55%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the business posted $4.24 EPS. Builders FirstSource's revenue for the quarter was down 6.7% on a year-over-year basis. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current 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.