Sanibel Captiva Trust Company Inc. Cuts Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Sanibel Captiva Trust Company Inc. decreased its position in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 19.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,155 shares of the company’s stock after selling 525 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Builders FirstSource were worth $308,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BLDR. Mountaineer Partners Management LLC bought a new position in Builders FirstSource during the third quarter valued at about $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% in the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after acquiring an additional 277,897 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.1 %

Shares of NYSE:BLDR opened at $164.09 on Monday. The firm has a fifty day moving average of $163.99 and a 200 day moving average of $169.79. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market capitalization 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:BLDRGet Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $4.24 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on BLDR. Barclays decreased their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday. Royal Bank of Canada lifted their price objective on Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stephens lifted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Wedbush restated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Get Our Latest Research Report on Builders FirstSource

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

About Builders FirstSource

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDRFree Report).

Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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