J.Safra Asset Management Corp Buys 4,712 Shares of Builders FirstSource, Inc. $BLDR

J.Safra Asset Management Corp raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 61.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,336 shares of the company’s stock after buying an additional 4,712 shares during the quarter. J.Safra Asset Management Corp’s holdings in Builders FirstSource were worth $1,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. State Street Corp lifted its stake in shares of Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock valued at $586,548,000 after buying an additional 29,443 shares in the last quarter. Brave Warrior Advisors LLC boosted its stake in Builders FirstSource by 47.2% in the 2nd quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after purchasing an additional 585,683 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Builders FirstSource by 5.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock valued at $181,587,000 after buying an additional 74,681 shares in the last quarter. Norges Bank bought a new stake in shares of Builders FirstSource during the second quarter valued at about $147,994,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Builders FirstSource by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock valued at $107,856,000 after buying an additional 14,430 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 1.5%

BLDR stock opened at $127.05 on Friday. The company has a market capitalization of $14.05 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 15.40 and a beta of 1.57. 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 one year low of $94.35 and a one year high of $175.12. The company’s 50 day moving average price is $108.20 and its two-hundred day moving average price is $121.94.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm earned $3.07 EPS. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Builders FirstSource from $146.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Jefferies Financial Group cut shares of Builders FirstSource from a “buy” rating to a “hold” rating and decreased their price target for the stock from $138.00 to $110.00 in a report on Monday, December 15th. DA Davidson decreased their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Barclays boosted their price objective on Builders FirstSource from $123.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, KeyCorp set a $145.00 target price on shares of Builders FirstSource in a research note on Wednesday, October 1st. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $133.87.

About Builders FirstSource

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.