BI Asset Management Fondsmaeglerselskab A S Cuts Position in Builders FirstSource, Inc. $BLDR

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 80.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource in the third quarter worth about $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $44,000. Finally, Root Financial Partners LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $47,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BLDR shares. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, January 26th. The Goldman Sachs Group raised their price objective on Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. UBS Group decreased their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Finally, Stephens restated an “equal weight” rating and set a $137.00 price target on shares of Builders FirstSource in a research note on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $133.77.

Builders FirstSource Price Performance

NYSE BLDR opened at $124.29 on Tuesday. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 15.57 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The stock’s fifty day moving average price is $113.33 and its 200 day moving average price is $120.98. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $159.00.

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.