Tredje AP fonden Lowers Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Tredje AP fonden lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,877 shares of the company’s stock after selling 1,876 shares during the period. Tredje AP fonden’s holdings in Builders FirstSource were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the 3rd quarter worth approximately $46,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource during the 4th quarter worth approximately $34,000. Finally, Avion Wealth lifted its holdings in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLDR shares. Barclays reduced their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Raymond James reiterated an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Trading Up 2.8 %

Shares of BLDR opened at $126.20 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average is $149.97 and its two-hundred day moving average is $167.51. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $214.70. The firm has a market capitalization of $14.34 billion, a P/E ratio of 13.93, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.