AEGON ASSET MANAGEMENT UK Plc Decreases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,245 shares of the company’s stock after selling 3,212 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.08% of Builders FirstSource worth $12,470,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter worth about $28,000. Armstrong Advisory Group Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at $30,000. Reston Wealth Management LLC purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $39,000. Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at $46,000. Finally, Friedenthal Financial bought a new position in shares of Builders FirstSource in the third quarter worth $50,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BLDR shares. Barclays reduced their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group raised their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird upped their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. UBS Group initiated coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 target price for the company. Finally, StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Activity

In other Builders FirstSource 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 0.8 %

NYSE:BLDR opened at $166.76 on Friday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $162.62 and a 200-day moving average price of $170.41. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.90 and a beta of 2.11.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the company posted $4.24 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

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.