AEGON ASSET MANAGEMENT UK Plc Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,245 shares of the company’s stock after selling 3,212 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Builders FirstSource were worth $12,470,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at about $30,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource in the third quarter worth approximately $46,000. Finally, Friedenthal Financial purchased a new position in shares of Builders FirstSource during the third quarter valued at approximately $50,000. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource 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 sale, the director now owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BLDR shares. Robert W. Baird lifted their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Stephens increased their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. 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. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $166.76 on Friday. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.90 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $162.62 and its 200-day simple moving average is $170.41. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the prior year, the firm posted $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, analysts expect that Builders FirstSource, Inc. will post 11.53 earnings per share for the current fiscal year.

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.