DNB Asset Management AS Acquires 27,783 Shares of Builders FirstSource, Inc. $BLDR

DNB Asset Management AS lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 97.2% during the third quarter, Holdings Channel reports. The institutional investor owned 56,360 shares of the company’s stock after acquiring an additional 27,783 shares during the quarter. DNB Asset Management AS’s holdings in Builders FirstSource were worth $6,834,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BLDR. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource in the third quarter worth about $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Builders FirstSource during the second quarter valued at approximately $38,000. MUFG Securities EMEA plc bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $38,000. IMA Advisory Services Inc. grew its stake in shares of Builders FirstSource by 40.9% in the 3rd 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $44,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on BLDR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Wells Fargo & Company lifted their target price on shares of Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. Finally, William Blair started coverage on shares of Builders FirstSource in a research note on Thursday. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $127.39.

Builders FirstSource Price Performance

NYSE BLDR opened at $104.06 on Monday. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $151.03. The stock has a 50-day moving average of $114.86 and a 200 day moving average of $119.07. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.52 and a beta of 1.56.

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

Builders FirstSource Company 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.