Wedge Capital Management L L P NC Has $7.03 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Wedge Capital Management L L P NC decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 49,165 shares of the company’s stock after selling 3,705 shares during the period. 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.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the third quarter worth $30,000. Reston Wealth Management LLC bought a new stake in shares of Builders FirstSource during the third quarter worth $39,000. Brown Brothers Harriman & Co. acquired a new position in shares of Builders FirstSource during the third quarter worth $46,000. Finally, Mather Group LLC. lifted its stake in shares of Builders FirstSource by 340.7% in the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock valued at $50,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.1 %

Builders FirstSource stock opened at $164.09 on Friday. The company has a market capitalization of $18.88 billion, a PE ratio of 16.02, a PEG ratio of 0.75 and a beta of 2.11. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The firm’s fifty day moving average is $163.99 and its 200 day moving average is $169.54. 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 quarterly earnings data 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.24 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’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 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BLDR shares. Barclays lowered their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

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.