Swedbank AB Increases Stock Position in Builders FirstSource, Inc. $BLDR

Swedbank AB increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 20.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,242 shares of the company’s stock after buying an additional 10,232 shares during the period. Swedbank AB owned about 0.05% of Builders FirstSource worth $7,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC acquired a new stake in shares of Builders FirstSource during the second quarter valued at about $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the second quarter valued at about $38,000. Smithfield Trust Co grew its stake in Builders FirstSource by 187.7% during the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after purchasing an additional 274 shares in the last quarter. AlphaQuest LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $67,000. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Builders FirstSource during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $104.00 on Friday. The company has a market cap of $11.50 billion, a PE ratio of 19.81, a P/E/G ratio of 11.05 and a beta of 1.56. Builders FirstSource, Inc. has a fifty-two week low of $94.35 and a fifty-two week high of $175.12. The firm has a 50-day simple moving average of $109.17 and a 200 day simple moving average of $122.01. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.07 earnings per share. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BLDR shares. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. DA Davidson dropped their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company initiated coverage on Builders FirstSource in a report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $135.07.

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.