Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 390,987 shares of the company’s stock after selling 21,300 shares during the quarter. Swiss National Bank’s holdings in Builders FirstSource were worth $65,271,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in shares of Builders FirstSource by 80.8% during the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings 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 purchasing an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Builders FirstSource by 678.1% in the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock valued at $61,382,000 after purchasing an additional 429,699 shares during the period. AQR Capital Management LLC increased its stake in shares of Builders FirstSource by 19.5% during the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after purchasing an additional 256,609 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Builders FirstSource by 834.6% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock worth $35,207,000 after purchasing an additional 252,551 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insider Activity

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was 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 directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $195.81 on Monday. The firm has a 50 day simple moving average of $195.49 and a 200-day simple moving average of $168.15. The stock has a market cap of $23.88 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.22 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, analysts expect that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of several research reports. Wedbush boosted their price objective on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Royal Bank of Canada increased their price objective on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Oppenheimer upped their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Barclays raised their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $200.50.

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.