Swiss National Bank Decreases Stake in Builders FirstSource, Inc. $BLDR

Swiss National Bank lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,487 shares of the company’s stock after selling 25,800 shares during the quarter. Swiss National Bank’s holdings in Builders FirstSource were worth $38,617,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. lifted its position in shares of Builders FirstSource by 0.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after acquiring an additional 78 shares during the period. VestGen Advisors LLC grew its holdings in Builders FirstSource by 4.6% in the second quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after purchasing an additional 86 shares during the last quarter. Aprio Wealth Management LLC grew its stake in Builders FirstSource by 2.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock valued at $446,000 after acquiring an additional 98 shares during the last quarter. Ramirez Asset Management Inc. grew its stake in Builders FirstSource by 25.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock valued at $61,000 after acquiring an additional 100 shares during the last quarter. Finally, IMA Advisory Services Inc. increased its holdings in Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after acquiring an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BLDR. Benchmark cut their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada raised shares of Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price objective for the company in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, January 21st. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, Jefferies Financial Group dropped their price target on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 23rd. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.81.

Builders FirstSource Trading Up 0.5%

Shares of NYSE BLDR traded up $0.47 during midday trading on Friday, reaching $87.07. 394,114 shares of the stock were exchanged, compared to its average volume of 2,350,565. The stock has a 50 day moving average price of $113.22 and a 200-day moving average price of $116.64. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $9.63 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.20 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $86.18 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its 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). The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 EPS. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.