Builders FirstSource, Inc. $BLDR Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 318,487 shares of the company’s stock after selling 25,800 shares during the quarter. Swiss National Bank owned about 0.29% of Builders FirstSource worth $38,617,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. TD Waterhouse Canada Inc. purchased a new position in shares of Builders FirstSource during the third quarter worth about $34,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the 2nd quarter worth approximately $38,000. IMA Advisory Services Inc. increased its position in Builders FirstSource by 40.9% during the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after buying an additional 103 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Builders FirstSource in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded up $0.47 during mid-day trading on Friday, reaching $87.07. The stock had a trading volume of 394,114 shares, compared to its average volume of 2,350,565. Builders FirstSource, Inc. has a twelve month low of $86.18 and a twelve month high of $151.03. The business has a 50 day simple moving average of $113.22 and a 200 day simple moving average of $116.64. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.20 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on BLDR shares. Barclays cut their target price on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating for the company in a report on Monday, February 23rd. UBS Group lowered their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Jefferies Financial Group reduced their price objective on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. Finally, BMO Capital Markets lowered their target price on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a research note on Friday, February 20th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $127.81.

Builders FirstSource 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.