Builders FirstSource, Inc. $BLDR Shares Bought by Swedbank AB

Swedbank AB increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 20.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,242 shares of the company’s stock after acquiring an additional 10,232 shares during the period. Swedbank AB’s holdings in Builders FirstSource were worth $7,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter worth about $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the second quarter worth approximately $38,000. Smithfield Trust Co grew its holdings in Builders FirstSource by 187.7% in the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after buying an additional 274 shares in the last quarter. AlphaQuest LLC bought a new position in Builders FirstSource in the 2nd quarter worth approximately $67,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $67,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLDR. Barclays reduced their price target on Builders FirstSource from $124.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, December 8th. KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a report on Wednesday, October 1st. Wedbush reiterated a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Benchmark boosted their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $135.07.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $104.00 on Friday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $175.12. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The stock has a market cap of $11.50 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 11.05 and a beta of 1.56. The company’s 50-day moving average price is $109.17 and its two-hundred day moving average price is $122.01.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $3.07 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.