Tredje AP fonden Sells 1,876 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Tredje AP fonden lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 50.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,877 shares of the company’s stock after selling 1,876 shares during the period. Tredje AP fonden’s holdings in Builders FirstSource were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC raised its stake in shares of Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after acquiring an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after acquiring an additional 79 shares in the last quarter. Private Trust Co. NA raised its stake in Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after buying an additional 82 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Builders FirstSource by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company’s stock worth $548,000 after buying an additional 92 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 2.8 %

Shares of NYSE BLDR opened at $126.20 on Friday. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $214.70. The stock has a market cap of $14.34 billion, a PE ratio of 13.93, a P/E/G ratio of 0.80 and a beta of 2.19. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $149.97 and a 200 day moving average of $167.51.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent research reports. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. BMO Capital Markets cut their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Barclays dropped their price objective on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

About Builders FirstSource

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.