Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by First Dallas Securities Inc.

First Dallas Securities Inc. cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the company’s stock after selling 100 shares during the period. First Dallas Securities Inc.’s holdings in Builders FirstSource were worth $350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $28,000. Armstrong Advisory Group Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $33,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $46,000. Institutional investors own 95.53% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction 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 owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents 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 this link. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

BLDR has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. DA Davidson lifted their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Stock Down 2.6 %

Shares of NYSE BLDR opened at $162.94 on Tuesday. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The business has a 50-day simple moving average of $161.40 and a two-hundred day simple moving average of $171.46. 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 company has a market cap of $18.75 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.92 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last issued its quarterly 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). The business had revenue of $4.23 billion for 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%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. Research analysts anticipate that Builders FirstSource, Inc. will post 11.52 earnings per share for the current fiscal year.

Builders FirstSource 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.