Rhumbline Advisers Trims Holdings in Builders FirstSource, Inc. $BLDR

Rhumbline Advisers cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 224,767 shares of the company’s stock after selling 8,857 shares during the quarter. Rhumbline Advisers’ holdings in Builders FirstSource were worth $27,253,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BLDR. Norges Bank acquired a new stake in Builders FirstSource during the second quarter worth approximately $147,994,000. Envestnet Asset Management Inc. lifted its stake in shares of Builders FirstSource by 188.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 912,144 shares of the company’s stock worth $110,597,000 after purchasing an additional 596,409 shares during the period. Brave Warrior Advisors LLC boosted its holdings in shares of Builders FirstSource by 47.2% during the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after purchasing an additional 585,683 shares during the last quarter. Atreides Management LP purchased a new stake in shares of Builders FirstSource in the second quarter valued at $37,592,000. Finally, Bessemer Group Inc. increased its stake in Builders FirstSource by 135.1% in the third quarter. Bessemer Group Inc. now owns 461,934 shares of the company’s stock valued at $56,009,000 after purchasing an additional 265,428 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on BLDR shares. Vertical Research started coverage on Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target for the company. Benchmark boosted their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. BMO Capital Markets cut their price target on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a report on Friday, October 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $111.00 price objective on shares of Builders FirstSource in a research note on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $134.02.

Builders FirstSource Trading Down 4.6%

Shares of BLDR stock opened at $115.06 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $157.96. The firm’s 50 day moving average price is $114.19 and its two-hundred day moving average price is $120.69. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 14.36 and a beta of 1.56.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.