J. Safra Sarasin Holding AG Boosts Stock Position in Builders FirstSource, Inc. $BLDR

J. Safra Sarasin Holding AG boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 236.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,363 shares of the company’s stock after buying an additional 6,584 shares during the period. J. Safra Sarasin Holding AG’s holdings in Builders FirstSource were worth $1,135,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Builders FirstSource in the second quarter worth $147,994,000. 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 in the last quarter. Atreides Management LP bought a new position in Builders FirstSource in the 2nd quarter worth about $37,592,000. Moore Capital Management LP purchased a new stake in Builders FirstSource during the 2nd quarter valued at about $25,647,000. Finally, Bank of America Corp DE grew its position in Builders FirstSource by 42.7% during the 2nd quarter. Bank of America Corp DE now owns 598,135 shares of the company’s stock valued at $69,796,000 after purchasing an additional 178,955 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

BLDR stock opened at $117.10 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $173.84. The company has a market cap of $12.95 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 14.25 and a beta of 1.57. The stock’s fifty day moving average price is $111.35 and its 200-day moving average price is $121.54.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.Builders FirstSource’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.07 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BLDR shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Jefferies Financial Group upped their price objective on Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a research report on Monday. The Goldman Sachs Group increased their target price on Builders FirstSource from $146.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Barclays boosted their price target on Builders FirstSource from $123.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $111.00 price objective on shares of Builders FirstSource in a report on Friday, January 9th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $133.97.

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.