Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,900 shares of the company’s stock after selling 900 shares during the quarter. Hennessy Advisors Inc.’s holdings in Builders FirstSource were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Cyndeo Wealth Partners LLC increased its position in shares of Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock worth $305,000 after purchasing an additional 56 shares in the last quarter. World Equity Group Inc. lifted its stake in shares of Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock worth $316,000 after buying an additional 64 shares in the last quarter. HighTower Advisors LLC boosted its position in Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock worth $4,296,000 after acquiring an additional 64 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Builders FirstSource by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company’s stock valued at $1,417,000 after acquiring an additional 74 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in Builders FirstSource by 14.6% in the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity

In related news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Up 2.1 %

NYSE:BLDR opened at $164.09 on Friday. The stock has a fifty day moving average price of $163.99 and a 200 day moving average price of $169.54. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The firm has a market cap of $18.88 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 0.75 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 33.55% and a net margin of 7.40%. The business’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.24 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BLDR. The Goldman Sachs Group started coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. DA Davidson increased their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price target on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Builders FirstSource Company 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.