Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 36.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,586 shares of the company’s stock after selling 7,196 shares during the quarter. Janus Henderson Group PLC’s holdings in Builders FirstSource were worth $2,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in 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 during the last quarter. Baillie Gifford & Co. acquired a new stake in Builders FirstSource during the 3rd quarter valued at $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the 3rd quarter valued at $255,867,000. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its holdings in Builders FirstSource by 256,479.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after buying an additional 661,718 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on BLDR. DA Davidson increased their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. The Goldman Sachs Group began coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Barclays boosted their price target on Builders FirstSource from $182.00 to $211.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $170.67 on Friday. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The firm has a fifty day moving average of $182.21 and a 200-day moving average of $169.03. The firm has a market capitalization of $19.64 billion, a P/E ratio of 16.67, a PEG ratio of 0.98 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. As a group, 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 firm’s stock in a transaction on Thursday, November 7th. The shares were 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 of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.

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.