Bank Julius Baer & Co. Ltd Zurich Grows Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bank Julius Baer & Co. Ltd Zurich raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,281 shares of the company's stock after purchasing an additional 6,855 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Builders FirstSource were worth $8,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in Builders FirstSource in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter worth $34,000. Brown Brothers Harriman & Co. purchased a new position in Builders FirstSource in the 3rd quarter valued at approximately $46,000. Finally, Avion Wealth grew its stake in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after buying an additional 306 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BLDR. BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. Benchmark reduced their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Loop Capital reduced their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Truist Financial reduced their price objective on shares of 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, Wedbush reaffirmed an "outperform" rating and set a $230.00 target price 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and an average target price of $190.72.

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Builders FirstSource Price Performance

Shares of NYSE BLDR traded up $1.24 during trading hours on Monday, reaching $135.75. 1,865,026 shares of the stock traded hands, compared to its average volume of 1,582,558. The company has a market capitalization of $15.42 billion, a P/E ratio of 14.98, a price-to-earnings-growth 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. Builders FirstSource, Inc. has a 52-week low of $127.45 and a 52-week high of $214.70. The company's 50-day simple moving average is $151.38 and its two-hundred day simple moving average is $169.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating 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 return on equity of 30.54% and a net margin of 6.57%. Equities research analysts forecast 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.