ProShare Advisors LLC Sells 4,846 Shares of Builders FirstSource, Inc. $BLDR

ProShare Advisors LLC trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 17.5% in the third quarter, Holdings Channel reports. The institutional investor owned 22,833 shares of the company’s stock after selling 4,846 shares during the period. ProShare Advisors LLC’s holdings in Builders FirstSource were worth $2,769,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC raised its holdings in Builders FirstSource by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares in the last quarter. Woodline Partners LP raised its stake in Builders FirstSource by 40.7% in the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock valued at $1,215,000 after purchasing an additional 2,812 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Builders FirstSource by 12.8% during the second quarter. Concurrent Investment Advisors LLC now owns 2,648 shares of the company’s stock worth $309,000 after purchasing an additional 301 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Builders FirstSource by 12.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 80,969 shares of the company’s stock worth $10,276,000 after buying an additional 8,904 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Builders FirstSource by 7.6% during the second quarter. Nordea Investment Management AB now owns 11,541 shares of the company’s stock worth $1,347,000 after buying an additional 819 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 4.6%

Shares of BLDR opened at $115.06 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $157.96. The stock has a market capitalization of $12.72 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 14.36 and a beta of 1.56. The stock has a fifty day moving average of $114.19 and a 200-day moving average of $120.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Barclays upped their target price on Builders FirstSource from $123.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Stephens reiterated an “equal weight” rating and issued a $137.00 price target on shares of Builders FirstSource in a research note on Tuesday, January 20th. Wells Fargo & Company upped their price objective on Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research report on Wednesday. Finally, Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $134.02.

Builders FirstSource Company Profile

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.