DnB Asset Management AS Sells 46,990 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

DnB Asset Management AS lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 46.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,726 shares of the company’s stock after selling 46,990 shares during the quarter. DnB Asset Management AS’s holdings in Builders FirstSource were worth $7,822,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC lifted its stake in shares of Builders FirstSource by 89.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 6,317 shares of the company’s stock valued at $903,000 after purchasing an additional 2,983 shares during the last quarter. denkapparat Operations GmbH bought a new position in Builders FirstSource during the fourth quarter valued at about $342,000. Pictet Asset Management Holding SA lifted its position in shares of Builders FirstSource by 3.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 329,269 shares of the company’s stock worth $47,062,000 after buying an additional 12,491 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $74,000. Finally, Norges Bank acquired a new position in shares of Builders FirstSource during the 4th quarter valued at about $199,890,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BLDR shares. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Wedbush reissued an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Loop Capital lowered their target price on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Barclays cut their price target on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Down 2.7 %

Shares of NYSE BLDR opened at $124.53 on Friday. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $210.00. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The business has a fifty day moving average of $145.58 and a two-hundred day moving average of $164.57. The stock has a market cap of $14.15 billion, a PE ratio of 13.75, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.