Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by American International Group Inc.

American International Group Inc. cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 80.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,830 shares of the company’s stock after selling 142,354 shares during the quarter. American International Group Inc.’s holdings in Builders FirstSource were worth $5,648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its position in Builders FirstSource by 73.9% during the 4th quarter. Allianz Asset Management GmbH now owns 128,348 shares of the company’s stock worth $21,426,000 after purchasing an additional 54,557 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Builders FirstSource by 18.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 58,353 shares of the company’s stock valued at $9,515,000 after acquiring an additional 9,122 shares during the period. FCF Advisors LLC boosted its position in shares of Builders FirstSource by 81.9% during the 4th quarter. FCF Advisors LLC now owns 21,038 shares of the company’s stock worth $3,512,000 after purchasing an additional 9,470 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Builders FirstSource by 437.8% during the 4th quarter. New York Life Investment Management LLC now owns 17,580 shares of the company’s stock worth $2,935,000 after purchasing an additional 14,311 shares during the period. Finally, Boulder Hill Capital Management LP purchased a new position in shares of Builders FirstSource in the 4th quarter valued at about $851,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $142.83 on Friday. The business’s fifty day moving average price is $166.89 and its 200 day moving average price is $176.07. Builders FirstSource, Inc. has a twelve month low of $105.24 and a twelve month high of $214.70. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $17.43 billion, a P/E ratio of 12.23, a PEG ratio of 2.40 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the company posted $2.96 earnings per share. Builders FirstSource’s revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Insider Transactions at Builders FirstSource

In related news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Paul M. Mccrobie sold 9,118 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares in the company, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $215.00 price target (down previously from $225.00) on shares of Builders FirstSource in a research note on Tuesday, May 7th. Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Robert W. Baird cut their price target on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Bank of America lowered their price objective on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Finally, Jefferies Financial Group lifted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $195.13.

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.