Dorsey Wright & Associates Sells 20,703 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Dorsey Wright & Associates cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 92.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,687 shares of the company’s stock after selling 20,703 shares during the quarter. Dorsey Wright & Associates’ holdings in Builders FirstSource were worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Orion Portfolio Solutions LLC boosted its stake in shares of Builders FirstSource by 86.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,334 shares of the company’s stock valued at $646,000 after purchasing an additional 1,543 shares in the last quarter. World Investment Advisors LLC bought a new position in Builders FirstSource in the 3rd quarter valued at approximately $62,450,000. XTX Topco Ltd grew its stake in shares of Builders FirstSource by 574.7% during the third quarter. XTX Topco Ltd now owns 10,579 shares of the company’s stock worth $2,051,000 after buying an additional 9,011 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Builders FirstSource during the third quarter worth $59,529,000. Finally, National Bank of Canada FI increased its holdings in shares of Builders FirstSource by 39.9% during the third quarter. National Bank of Canada FI now owns 48,480 shares of the company’s stock worth $9,398,000 after buying an additional 13,819 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. 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 report on Thursday, September 19th. Truist Financial upgraded Builders FirstSource from a “hold” rating to a “buy” rating and boosted their price target for the stock from $165.00 to $220.00 in a report on Monday, September 16th. DA Davidson lifted their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective 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. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $210.00.

Builders FirstSource Stock Down 0.0 %

Shares of NYSE:BLDR opened at $175.82 on Friday. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The business’s 50-day moving average is $183.99 and its 200-day moving average is $168.90. The company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.99 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last issued 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 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 quarterly revenue was down 6.7% compared to the same quarter last year. During the same period last year, the firm posted $4.24 earnings per share. Equities research analysts predict that Builders FirstSource, Inc. will post 11.55 earnings per share for the current year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’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 completion of the sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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.