Janney Montgomery Scott LLC Sells 6,272 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Janney Montgomery Scott LLC lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 42.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,674 shares of the company’s stock after selling 6,272 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Builders FirstSource were worth $1,682,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. increased its holdings in shares of Builders FirstSource by 199.9% during the first quarter. Sei Investments Co. now owns 88,049 shares of the company’s stock valued at $18,363,000 after acquiring an additional 58,694 shares in the last quarter. US Bancorp DE lifted its stake in Builders FirstSource by 5.1% in the first quarter. US Bancorp DE now owns 10,101 shares of the company’s stock valued at $2,107,000 after purchasing an additional 490 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Builders FirstSource in the 1st quarter worth about $401,000. Edmond DE Rothschild Holding S.A. raised its holdings in Builders FirstSource by 38.1% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 511 shares of the company’s stock valued at $107,000 after acquiring an additional 141 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Builders FirstSource during the 1st quarter worth about $1,136,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on BLDR. Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, November 6th. Barclays lifted their price target 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. Bank of America lifted their price target on shares of Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. B. Riley reduced their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Insiders Place Their Bets

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the business’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 transaction, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Up 0.7 %

NYSE BLDR opened at $179.88 on Thursday. The company has a market capitalization of $20.70 billion, a P/E ratio of 17.57, a PEG ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $127.49 and a 12 month high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company’s 50 day simple moving average is $185.41 and its 200 day simple moving average is $168.26.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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). 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 analyst estimates of $4.44 billion. During the same period in the previous year, the firm posted $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.