Handelsbanken Fonder AB Cuts Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Handelsbanken Fonder AB lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 28,919 shares of the company’s stock after selling 800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Builders FirstSource were worth $4,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mountain Lake Investment Management LLC grew its position in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fiera Capital Corp acquired a new stake in Builders FirstSource during the 4th quarter valued at approximately $27,089,000. Lecap Asset Management Ltd. lifted its stake in 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 acquiring an additional 9,970 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Builders FirstSource during the 4th quarter valued at approximately $405,000. Finally, JPMorgan Chase & Co. lifted its stake in Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after acquiring an additional 58,436 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Raymond James reiterated an “outperform” rating and issued a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research note on Friday. Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Wedbush reissued an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Moderate Buy” and an average target price of $196.88.

Builders FirstSource Stock Down 5.0 %

Shares of BLDR stock opened at $137.14 on Monday. The stock’s 50 day simple moving average is $154.21 and its 200 day simple moving average is $170.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The company has a market capitalization of $15.78 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12.

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

Builders FirstSource Company 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.