Y Intercept Hong Kong Ltd Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Y Intercept Hong Kong Ltd lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 86.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,438 shares of the company’s stock after selling 45,980 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Builders FirstSource were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in Builders FirstSource by 5.2% in the 2nd quarter. CWM LLC now owns 3,141 shares of the company’s stock worth $435,000 after buying an additional 155 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Builders FirstSource by 13.5% in the 2nd quarter. Wedmont Private Capital now owns 2,099 shares of the company’s stock worth $321,000 after purchasing an additional 249 shares during the period. PGGM Investments lifted its stake in shares of Builders FirstSource by 13.1% in the 2nd quarter. PGGM Investments now owns 55,212 shares of the company’s stock valued at $7,642,000 after purchasing an additional 6,406 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth about $1,514,000. Finally, J.Safra Asset Management Corp increased its position in Builders FirstSource by 1,250.0% during the 2nd quarter. J.Safra Asset Management Corp now owns 432 shares of the company’s stock worth $60,000 after purchasing an additional 400 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BLDR has been the subject of several research reports. StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Tuesday. Bank of America raised their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. DA Davidson upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and upped their price target for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Builders FirstSource Stock Down 3.4 %

Shares of Builders FirstSource stock opened at $170.83 on Wednesday. The business has a 50-day moving average price of $183.17 and a 200 day moving average price of $169.00. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The firm has a market cap of $19.66 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.98 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. Builders FirstSource’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business’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 transaction of $1,784,100.00. Following the completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

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.