<div id="readability-page-1"><p>Wedge Capital Management L L P NC reduced its position in shares of  Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The firm owned 56,793 shares of the company's stock after selling 11,090 shares during the quarter. Wedge Capital Management L L P NC owned 0.05% of Builders FirstSource worth $6,886,000 at the end of the most recent quarter.</p><ul><li>Potential Rate Cuts Could Benefit These Firms</li></ul><p>Several other hedge funds and other institutional investors have also modified their holdings of the business. Financial Enhancement Group LLC raised its position in  Builders FirstSource by 8.6% during the third quarter. Financial Enhancement Group LLC now owns 5,223 shares of the company's stock valued at $677,000 after buying an additional 412 shares during the period.  Board of the Pension Protection Fund purchased a new position in  Builders FirstSource during the 3rd quarter valued at about $946,000.  Gainplan LLC purchased a new stake in shares of  Builders FirstSource in the third quarter worth approximately $434,000.  Bennett Selby Investments LP boosted its holdings in shares of  Builders FirstSource by 28.2% during the third quarter. Bennett Selby Investments LP now owns 3,312 shares of the company's stock worth $402,000 after purchasing an additional 729 shares during the period.  Finally, Czech National Bank grew its position in  Builders FirstSource by 3.9% during the third quarter. Czech National Bank now owns 28,077 shares of the company's stock valued at $3,404,000 after purchasing an additional 1,064 shares in the last quarter. Institutional investors and hedge funds own  95.53% of the company's stock. </p><div><p><span></span><span>Get <strong>Builders FirstSource</strong> alerts:</span></p></div><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have issued reports on BLDR shares. Loop Capital decreased their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft cut their price objective on Builders FirstSource from $134.00 to $131.00 and set a &#34;hold&#34; rating for the company in a report on Monday, November 3rd. Stephens lowered their target price on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. KeyCorp  set a $145.00 price target on Builders FirstSource in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group cut Builders FirstSource from a &#34;buy&#34; rating to a &#34;hold&#34; rating and lowered their price target for the company from $138.00 to $110.00 in a research note on Monday, December 15th. Ten analysts have rated the stock with a Buy rating, twelve have issued  a Hold rating and two have issued  a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of &#34;Hold&#34; and a consensus target price of $135.07.</p><ul><li>Insiders Spent Millions on These 3 Stocks Over the Past 2 Months</li></ul><p><b>Read Our Latest Report on BLDR</b></p><h2>Builders FirstSource Price Performance</h2><p>Shares of Builders FirstSource stock opened at $103.85 on Monday. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 11.03 and a beta of 1.56. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $175.12. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $111.23 and a 200-day simple moving average of $122.43. </p><ul><li>The Housing Market Is in Trouble - What to Watch Out For</li></ul><p>Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the firm posted $3.07 EPS. The business's quarterly revenue was down 6.9% compared to the same quarter last year.  On average, sell-side analysts expect that  Builders FirstSource, Inc. will post 11.59 earnings per share for the current year. </p><h2>Builders FirstSource Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Builders FirstSource</li><li>End of America update</li><li>They Laughed at $30. They Won’t Laugh at $70.</li><li>I Shouldn't Be Sending You This</li><li>How Long Will $1M Last in Retirement?</li><li>Bitcoin is down but your income is about to explode</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMRFI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJMRFI"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Builders FirstSource Right Now?</h2><p>Before you consider Builders FirstSource, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Builders FirstSource wasn't on the list.</p><p>While Builders FirstSource currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BLDR

<p>Wedge Capital Management L L P NC reduced its stake in Builders FirstSource, Inc. by 16.3% in Q3, owning 56,793 shares worth $6.89 million. Analysts have mixed ratings on BLDR, with a consensus target price of $135.07. The stock opened at $103.85, with a market cap of $11.48 billion. Builders FirstSource reported Q3 earnings of $1.88 per share, beating estimates, but revenue fell 6.9% year-over-year.</p>

Builders FirstSource, Inc. $BLDR Holdings Trimmed by Wedge Capital Management L L P NC