DekaBank Deutsche Girozentrale Sells 2,302 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

DekaBank Deutsche Girozentrale trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,051 shares of the company’s stock after selling 2,302 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Builders FirstSource were worth $11,676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. EdgeRock Capital LLC acquired a new position in shares of Builders FirstSource in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource in the fourth quarter valued at approximately $29,000. Westside Investment Management Inc. bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $31,000. Principal Securities Inc. bought a new stake in Builders FirstSource during the fourth quarter worth $32,000. Finally, ORG Partners LLC bought a new stake in Builders FirstSource during the first quarter worth $33,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 4.6 %

BLDR stock traded down $7.35 during midday trading on Friday, reaching $152.15. The company’s stock had a trading volume of 2,592,155 shares, compared to its average volume of 1,848,300. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 2.57 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. The stock has a fifty day simple moving average of $150.23 and a two-hundred day simple moving average of $173.61.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.96 EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 12.91 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent research reports. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Bank of America lowered Builders FirstSource from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $183.00 to $180.00 in a research report on Friday. Robert W. Baird reduced their price objective on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Barclays dropped their target price on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $230.00 price objective (down from $242.00) on shares of Builders FirstSource in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.57.

Insider Buying and Selling

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

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.