Wellington Management Group LLP Sells 821,645 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Wellington Management Group LLP cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 19.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,457,888 shares of the company’s stock after selling 821,645 shares during the period. Wellington Management Group LLP’s holdings in Builders FirstSource were worth $670,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new position in Builders FirstSource in the 3rd 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 holdings in shares of Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth $38,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BLDR has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target for the company. Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and increased their price target for the stock from $165.00 to $220.00 in a research report on Monday, September 16th. Wedbush restated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, November 6th. Finally, Loop Capital raised their target price on Builders FirstSource from $190.00 to $230.00 and gave the company a “buy” rating in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $175.82 on Friday. The business has a 50 day moving average of $183.99 and a 200-day moving average of $168.90. 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 capitalization of $20.23 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.03 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly 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). The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate 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 was down 6.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.24 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.56 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.