Diamond Hill Capital Management Inc. Sells 884,965 Shares of Builders FirstSource, Inc. $BLDR

Diamond Hill Capital Management Inc. lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 34.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,651,067 shares of the company’s stock after selling 884,965 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Builders FirstSource were worth $200,192,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Builders FirstSource by 149.8% in the third quarter. Smartleaf Asset Management LLC now owns 697 shares of the company’s stock worth $83,000 after acquiring an additional 418 shares in the last quarter. Old West Investment Management LLC raised its position in shares of Builders FirstSource by 118.2% in the 3rd quarter. Old West Investment Management LLC now owns 63,299 shares of the company’s stock worth $7,675,000 after purchasing an additional 34,294 shares during the last quarter. Bessemer Group Inc. boosted its stake in Builders FirstSource by 135.1% in the 3rd quarter. Bessemer Group Inc. now owns 461,934 shares of the company’s stock worth $56,009,000 after purchasing an additional 265,428 shares in the last quarter. Savant Capital LLC grew its position in Builders FirstSource by 15.3% during the 3rd quarter. Savant Capital LLC now owns 2,529 shares of the company’s stock valued at $307,000 after purchasing an additional 335 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in Builders FirstSource by 2.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,680 shares of the company’s stock valued at $810,000 after purchasing an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $124.39 on Friday. The company has a 50-day moving average price of $113.11 and a 200-day moving average price of $121.14. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $159.17. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $13.76 billion, a P/E ratio of 23.69, a PEG ratio of 15.57 and a beta of 1.56.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLDR. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a research note on Friday, January 9th. Jefferies Financial Group upped their price objective on Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, January 26th. Loop Capital reduced their target price on Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Benchmark upped their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group increased their price objective on Builders FirstSource from $146.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $133.77.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.