Skandinaviska Enskilda Banken AB publ Trims Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,716 shares of the company’s stock after selling 1,435 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Builders FirstSource were worth $3,400,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BLDR. Smartleaf Asset Management LLC boosted its holdings in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after buying an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC boosted its holdings in shares of Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after buying an additional 2,367 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after buying an additional 25,535 shares in the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. boosted its holdings in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after buying an additional 9,970 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLDR. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Benchmark dropped their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Loop Capital dropped their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource Price Performance

NYSE BLDR opened at $126.20 on Monday. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $214.70. The firm has a market capitalization of $14.34 billion, a P/E ratio of 13.93, a PEG ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $149.97 and a 200-day moving average price of $167.47.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 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 analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.