Achmea Investment Management B.V. Reduces Stock Holdings in Builders FirstSource, Inc. $BLDR

Achmea Investment Management B.V. cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 13.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,766 shares of the company’s stock after selling 16,104 shares during the quarter. Achmea Investment Management B.V. owned about 0.09% of Builders FirstSource worth $12,703,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of Builders FirstSource during the third quarter valued at $34,000. CYBER HORNET ETFs LLC acquired a new position in shares of Builders FirstSource in the 2nd quarter valued at $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource in the 2nd quarter worth $38,000. Finally, IMA Advisory Services Inc. lifted its position in Builders FirstSource by 40.9% during the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock worth $43,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BLDR. UBS Group dropped their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Stifel Nicolaus reduced their price objective on Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday. Robert W. Baird dropped their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $117.00 to $102.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Finally, Jefferies Financial Group reduced their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $126.65.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares of the company’s stock, valued at approximately $151,526,466.43. This represents a 2.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

Builders FirstSource Price Performance

NYSE:BLDR opened at $86.62 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.86 and a quick ratio of 1.16. The company has a 50 day moving average price of $111.68 and a 200-day moving average price of $114.98. Builders FirstSource, Inc. has a 1-year low of $86.18 and a 1-year high of $151.03. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 2.19 and a beta of 1.56.

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

Builders FirstSource Company 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.