BI Asset Management Fondsmaeglerselskab A S Decreases Stake in Builders FirstSource, Inc. $BLDR

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 80.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,249 shares of the company’s stock after selling 13,040 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Builders FirstSource were worth $394,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tran Capital Management L.P. boosted its stake in Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock worth $12,386,000 after buying an additional 98,783 shares during the period. Strs Ohio raised its stake in shares of Builders FirstSource by 24.0% in the third quarter. Strs Ohio now owns 118,594 shares of the company’s stock valued at $14,380,000 after acquiring an additional 22,926 shares during the period. M&G PLC bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $9,002,000. Vise Technologies Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter worth about $2,482,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Builders FirstSource by 51.7% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 44,561 shares of the company’s stock worth $5,200,000 after purchasing an additional 15,185 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.1%

NYSE BLDR opened at $124.29 on Tuesday. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $159.00. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. The company has a market capitalization of $13.74 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 15.57 and a beta of 1.56. The company’s 50-day simple moving average is $113.33 and its two-hundred day simple moving average is $120.98.

Wall Street Analyst Weigh In

BLDR has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of Builders FirstSource in a research note on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price objective for the company. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group boosted their price objective on Builders FirstSource from $146.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. UBS Group cut their price objective on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Finally, DA Davidson decreased their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $133.77.

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.