Mediolanum International Funds Ltd Has $10.79 Million Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Mediolanum International Funds Ltd lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,434 shares of the company’s stock after selling 30,898 shares during the period. Mediolanum International Funds Ltd’s holdings in Builders FirstSource were worth $10,788,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the 3rd quarter valued at $2,099,877,000. FMR LLC raised its holdings in shares of 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 buying an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource during the 3rd quarter worth about $267,132,000. Diamond Hill Capital Management Inc. bought a new stake in Builders FirstSource during the 3rd quarter worth about $255,867,000. Finally, Loomis Sayles & Co. L P increased its position in Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after acquiring an additional 661,718 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the topic of several research analyst reports. Royal Bank of Canada increased their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James initiated coverage on Builders FirstSource in a research note on Friday, January 17th. They set an “outperform” rating and a $180.00 price target on the stock. DA Davidson lifted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird upped their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the 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 completion of the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by insiders.

Builders FirstSource Stock Down 3.1 %

NYSE:BLDR opened at $167.29 on Friday. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The stock has a 50-day moving average price of $161.93 and a two-hundred day moving average price of $171.30. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.92 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $4.24 earnings per share. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.52 earnings per share for the current year.

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.