Builders FirstSource, Inc. $BLDR Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 68.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 7,423 shares of the company’s stock after selling 16,450 shares during the quarter. Farther Finance Advisors LLC’s holdings in Builders FirstSource were worth $900,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BLDR. Daiwa Securities Group Inc. boosted its stake in shares of Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after buying an additional 78 shares during the last quarter. VestGen Advisors LLC lifted its holdings in Builders FirstSource by 4.6% in the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after acquiring an additional 86 shares during the period. Stephens Inc. AR lifted its holdings in Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after acquiring an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its position in Builders FirstSource by 0.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after purchasing an additional 131 shares in the last quarter. Finally, Cheviot Value Management LLC grew its stake in shares of Builders FirstSource by 9.0% during the 2nd quarter. Cheviot Value Management LLC now owns 1,825 shares of the company’s stock worth $213,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.6%

BLDR stock opened at $103.34 on Tuesday. The stock has a market capitalization of $11.43 billion, a P/E ratio of 19.68, a P/E/G ratio of 11.05 and a beta of 1.56. The firm has a 50-day simple moving average of $108.79 and a 200-day simple moving average of $121.98. 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 52 week low of $94.35 and a 52 week high of $175.12.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company posted $3.07 EPS. Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on BLDR. Stephens decreased their target price on shares of Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Wells Fargo & Company began coverage on shares of Builders FirstSource in a research report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price objective for the company. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group dropped their target price on Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Finally, DA Davidson cut their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $135.07.

Builders FirstSource 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.