Handelsbanken Fonder AB Sells 800 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Handelsbanken Fonder AB lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,919 shares of the company’s stock after selling 800 shares during the period. Handelsbanken Fonder AB’s holdings in Builders FirstSource were worth $4,133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLDR. AMF Tjanstepension AB bought a new stake in shares of Builders FirstSource during the third quarter worth $1,471,000. Creative Planning increased its holdings in Builders FirstSource by 35.6% in the third quarter. Creative Planning now owns 12,963 shares of the company’s stock valued at $2,513,000 after purchasing an additional 3,406 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Builders FirstSource in the third quarter valued at $539,000. Signaturefd LLC increased its holdings in Builders FirstSource by 34.4% in the third quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $306,000 after purchasing an additional 404 shares during the period. Finally, Greenleaf Trust increased its holdings in Builders FirstSource by 6.3% in the third quarter. Greenleaf Trust now owns 1,639 shares of the company’s stock valued at $318,000 after purchasing an additional 97 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of BLDR opened at $137.14 on Monday. The firm’s 50-day simple moving average is $154.21 and its two-hundred day simple moving average is $170.75. The stock has a market cap of $15.78 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BLDR. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Royal Bank of Canada cut their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, DA Davidson raised their price target on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.88.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.