15,606 Builders FirstSource, Inc. $BLDR Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 77.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,660 shares of the company’s stock after selling 15,606 shares during the quarter. ProShare Advisors LLC’s holdings in Builders FirstSource were worth $266,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. grew its position in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Builders FirstSource in the second quarter valued at $42,000. Clark Wealth Partners purchased a new stake in shares of Builders FirstSource in the third quarter valued at $27,000. PFS Partners LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at $28,000. Finally, Continuum Advisory LLC acquired a new stake in shares of Builders FirstSource in the second quarter worth $48,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BLDR shares. KeyCorp lowered their price target on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Royal Bank Of Canada lowered their target price on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. Finally, Stifel Nicolaus upped their target price on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a report on Monday, November 2nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Trading Down 3.5%

Builders FirstSource stock opened at $60.16 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 162.60, a PEG ratio of 1.66 and a beta of 1.41. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company’s fifty day moving average price is $58.76 and its two-hundred day moving average price is $78.00.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company posted $1.88 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. On average, analysts forecast that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.