O Brien Greene & Co. Inc Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

O Brien Greene & Co. Inc trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,466 shares of the company’s stock after selling 2,924 shares during the quarter. Builders FirstSource accounts for about 2.0% of O Brien Greene & Co. Inc’s holdings, making the stock its 21st largest position. O Brien Greene & Co. Inc’s holdings in Builders FirstSource were worth $6,488,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its position in shares of Builders FirstSource by 4.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 55,279 shares of the company’s stock valued at $10,716,000 after purchasing an additional 2,354 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Builders FirstSource by 86.2% during the third quarter. Orion Portfolio Solutions LLC now owns 3,334 shares of the company’s stock valued at $646,000 after buying an additional 1,543 shares during the period. World Investment Advisors LLC purchased a new stake in Builders FirstSource during the third quarter worth about $62,450,000. XTX Topco Ltd raised its position in Builders FirstSource by 574.7% in the third quarter. XTX Topco Ltd now owns 10,579 shares of the company’s stock worth $2,051,000 after acquiring an additional 9,011 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in Builders FirstSource in the third quarter valued at about $59,529,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $175.82 on Monday. The stock has a market cap of $20.23 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.98 and a beta of 2.06. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The business has a 50-day simple moving average of $183.99 and a 200 day simple moving average of $168.92. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share 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 company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the company posted $4.24 earnings per share. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Insider Activity

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the company’s stock in a transaction that occurred on 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 owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BLDR shares. UBS Group initiated coverage on shares of Builders FirstSource in a report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Finally, The Goldman Sachs Group started coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.00.

Builders FirstSource 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.