Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.93 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 36.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,500 shares of the company’s stock after selling 7,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Builders FirstSource were worth $1,930,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. grew its holdings in Builders FirstSource by 36.0% during the 4th quarter. First Horizon Advisors Inc. now owns 635 shares of the company’s stock worth $91,000 after acquiring an additional 168 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Builders FirstSource by 22.5% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,123 shares of the company’s stock worth $161,000 after acquiring an additional 206 shares during the period. Paradigm Asset Management Co. LLC grew its holdings in Builders FirstSource by 355.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 9,100 shares of the company’s stock worth $1,301,000 after acquiring an additional 7,100 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $224,000. Finally, Ieq Capital LLC grew its stake in shares of Builders FirstSource by 13.8% in the 4th quarter. Ieq Capital LLC now owns 3,704 shares of the company’s stock valued at $529,000 after buying an additional 449 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $142.20 on Thursday. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company’s 50 day moving average price is $153.19 and its two-hundred day moving average price is $170.35. 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 stock has a market cap of $16.16 billion, a P/E ratio of 15.70, a P/E/G ratio of 0.80 and a beta of 2.12.

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

Analysts Set New Price Targets

Several analysts have recently commented on BLDR shares. Raymond James restated 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, February 21st. DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Barclays reduced their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday. Truist Financial reduced their target price on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Benchmark reduced their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five 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.com, 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.