UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 183,895 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 558,754 shares of the company’s stock after selling 183,895 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.49% of Builders FirstSource worth $108,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $30,000. First Horizon Advisors Inc. grew its position in shares of Builders FirstSource by 42.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after buying an additional 75 shares during the period. Finally, New Millennium Group LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of a number of recent research reports. Barclays upped their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Jefferies Financial Group boosted their target price on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stephens raised their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $206.47.

Builders FirstSource Stock Performance

BLDR stock opened at $186.47 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a market cap of $21.46 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.04 and a beta of 2.08. The stock’s fifty day moving average price is $185.33 and its 200-day moving average price is $168.49.

Builders FirstSource (NYSE:BLDR) last announced its earnings results 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). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $4.24 earnings per share. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a share buyback plan on Tuesday, August 6th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.

About Builders FirstSource

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.