Investor Market Move: Zelman Capital LLC Decreased Its Position in Builders Firstsource INC (BLDR) by $7.81 Million as Share Value Declined

Investor Market Move: Zelman Capital LLC Decreased Its Position in Builders Firstsource INC (BLDR) by $7.81 Million as Share Value Declined

Zelman Capital Llc decreased its stake in Builders Firstsource Inc (BLDR) by 33.33% based on its latest 2016Q3 regulatory filing with the SEC. Zelman Capital Llc sold 710,256 shares as the company’s stock declined 0.43% while stock markets rallied. The institutional investor held 1.42 million shares of the consumer services company at the end of 2016Q3, valued at $16.36 million, down from 2.13M at the end of the previous reported quarter. Zelman Capital Llc who had been investing in Builders Firstsource Inc for a number of months, seems to be less bullish one the $1.31 billion market cap company. The stock is down 0.52% or $0.06 after the negative news, hitting $11.47 per share. About 338,263 shares traded hands. Builders FirstSource, Inc. (NASDAQ:BLDR) has declined 5.02% since June 7, 2016 and is downtrending. It has underperformed by 12.45% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q3 2016. Its down 0.42, from 1.39 in 2016Q2. The ratio turned negative, as 30 funds sold all BLDR shares owned while 49 reduced positions. 30 funds bought stakes while 47 increased positions. They now own 90.71 million shares or 1.49% more from 89.38 million shares in 2016Q2. Wells Fargo & Co Mn holds 172,985 shares or 0% of its portfolio. Blackrock Fund Advsr holds 2.97M shares or 0.01% of its portfolio. Rail last reported 790,009 shares in the company. Teton Advisors reported 35,300 shares or 0.04% of all its holdings. Lba Wealth Mgmt Ltd Company last reported 0.11% of its portfolio in the stock. Ardsley Advisory Prns accumulated 0.02% or 12,500 shares. New Generation Advsr Ltd Company last reported 517,617 shares in the company. Moreover, Gilder Gagnon Howe And Com Ltd Liability Corp has 0.02% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 95,500 shares. Brown Brothers Harriman And, a New York-based fund reported 262 shares. Deutsche Comml Bank Ag holds 0.01% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 1.07M shares. Hudson Bay Lp reported 65,013 shares or 0.02% of all its holdings. The New York-based Roystone Capital Limited Partnership has invested 1.81% in Builders FirstSource, Inc. (NASDAQ:BLDR). Citadel Advsrs Llc has 0% invested in the company for 84,962 shares. Geode Lc last reported 622,592 shares in the company. Swiss Savings Bank holds 0% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 145,000 shares.

Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 5 sales for $4.87 million net activity. 24,545 shares were sold by GRIFFIN ROBERT C, worth $305,094. SHERMAN FLOYD F had sold 235,753 shares worth $2.92 million on Friday, August 12. Tolly Morris E sold $621,500 worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Wednesday, August 17. Shares for $879,200 were sold by MCALEENAN DONALD F.

Analysts await Builders FirstSource, Inc. (NASDAQ:BLDR) to report earnings on March, 2. BLDR’s profit will be $7.99M for 40.96 P/E if the $0.07 EPS becomes a reality. After $0.61 actual earnings per share reported by Builders FirstSource, Inc. for the previous quarter, Wall Street now forecasts -88.52% negative EPS growth.

More recent Builders FirstSource, Inc. (NASDAQ:BLDR) news were published by: Forbes.com which released: “Builders FirstSource Enters Oversold Territory (BLDR)” on September 20, 2016. Also Fool.com published the news titled: “Why Shares of Builders FirstSource, Inc. Jumped 69% Today” on April 13, 2015. Globenewswire.com‘s news article titled: “Peter Jackson to Join Builders FirstSource as Chief Financial Officer” with publication date: November 04, 2016 was also an interesting one.

According to Zacks Investment Research, “Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction in the United States. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products.”

Builders FirstSource, Inc. (NASDAQ:BLDR) Ratings Coverage

Out of 7 analysts covering Builders Firstsource (NASDAQ:BLDR), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Builders Firstsource has been the topic of 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Wedbush initiated Builders FirstSource, Inc. (NASDAQ:BLDR) on Wednesday, September 7 with “Outperform” rating. Seaport Global Securities initiated it with “Buy” rating and $16 target price in Tuesday, November 22 report. The company was initiated on Friday, January 6 by Barclays Capital. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) has “Buy” rating given on Monday, March 7 by Deutsche Bank. Zacks downgraded Builders FirstSource, Inc. (NASDAQ:BLDR) on Monday, August 10 to “Buy” rating. The firm earned “Buy” rating on Tuesday, September 8 by Deutsche Bank. The company was initiated on Wednesday, June 1 by FBR Capital. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) has “Neutral” rating given on Thursday, October 8 by Credit Suisse. Citigroup initiated Builders FirstSource, Inc. (NASDAQ:BLDR) rating on Thursday, September 10. Citigroup has “Neutral” rating and $17 price target.

BLDR Company Profile

Builders FirstSource, Inc., incorporated on March 4, 1998, is a supplier and maker of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating divisions include Northeast, Southeast, South and West. The Firm operates at approximately 400 locations in around 40 states across the United States. It offers an integrated solution to its clients providing manufacturing, supply and installation of a range of structural and related building products. The Company’s manufactured products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood that it designs, cuts and assembles for each home. The Firm also assembles interior and exterior doors into pre-hung units. Additionally, it supplies clients with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. The Company’s range of construction-related services includes professional installation, framing and shell construction.

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