Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,919 shares of the company’s stock after selling 700 shares during the period. Handelsbanken Fonder AB’s holdings in Builders FirstSource were worth $3,826,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BLDR. Invesco Ltd. boosted its position in shares of Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after acquiring an additional 874,268 shares during the last quarter. Qube Research & Technologies Ltd lifted its position in Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock valued at $69,506,000 after buying an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Builders FirstSource by 678.1% during the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after buying an additional 429,699 shares in the last quarter. AQR Capital Management LLC lifted its position in Builders FirstSource by 19.5% during the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after buying an additional 256,609 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in Builders FirstSource by 834.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock valued at $35,207,000 after buying an additional 252,551 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.8 %

Shares of NYSE:BLDR opened at $185.11 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $195.22 and a 200 day simple moving average of $164.43. The firm has a market cap of $22.57 billion, a PE ratio of 15.44, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 12-month low of $90.10 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The business had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price target for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Wedbush lifted their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.06.

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.