Builders FirstSource, Inc. $BLDR Stock: Danske Bank A S Increases Holdings

Danske Bank A S boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 195,932,700.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,959,328 shares of the company’s stock after purchasing an additional 1,959,327 shares during the period. Danske Bank A S’s holdings in Builders FirstSource were worth $111,701,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its holdings in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $42,000. Clark Wealth Partners bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $27,000. PFS Partners LLC bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $28,000. Finally, Continuum Advisory LLC bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $48,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 0.7%

Builders FirstSource stock traded up $0.42 during mid-day trading on Friday, hitting $60.54. 1,473,633 shares of the stock were exchanged, compared to its average volume of 2,758,191. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $58.69 and its two-hundred day simple moving average is $77.72.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the firm posted $1.88 EPS. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BLDR shares. Benchmark decreased their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company lifted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. UBS Group cut their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 30th. KeyCorp reduced their price objective on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $78.00 price objective on shares of Builders FirstSource in a report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.55.

About Builders FirstSource

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.