Wedge Capital Management L L P NC Sells 3,705 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Wedge Capital Management L L P NC lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,165 shares of the company’s stock after selling 3,705 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Builders FirstSource were worth $7,027,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BLDR. Envestnet Asset Management Inc. increased its position in shares of Builders FirstSource by 9.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 146,248 shares of the company’s stock valued at $20,242,000 after buying an additional 12,693 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Builders FirstSource by 28.4% in the second quarter. Mutual of America Capital Management LLC now owns 43,230 shares of the company’s stock worth $5,983,000 after acquiring an additional 9,563 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Builders FirstSource by 9.2% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,879 shares of the company’s stock worth $260,000 after purchasing an additional 159 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after purchasing an additional 74 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in Builders FirstSource by 12.0% during the 2nd quarter. Blair William & Co. IL now owns 5,570 shares of the company’s stock worth $771,000 after purchasing an additional 598 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BLDR shares. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. DA Davidson boosted their price target 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. Royal Bank of Canada lifted their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Jefferies Financial Group boosted their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction 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. This represents a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $164.09 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $163.99 and a 200 day simple moving average of $169.54. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The stock has a market cap of $18.88 billion, a P/E ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $4.44 billion. During the same period in the previous year, the firm posted $4.24 EPS. The company’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 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.