BI Asset Management Fondsmaeglerselskab A S Has $2.44 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,052 shares of the company's stock after selling 16,256 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Builders FirstSource were worth $2,437,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC increased its holdings in shares of Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after acquiring an additional 25,535 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at approximately $27,089,000. Finally, Lecap Asset Management Ltd. lifted its stake in Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock traded up $0.49 on Friday, hitting $121.40. 819,387 shares of the company's stock traded hands, compared to its average volume of 1,683,977. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 1-year low of $110.84 and a 1-year high of $203.14. The stock has a fifty day moving average of $127.18 and a 200-day moving average of $154.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released 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. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on BLDR. Raymond James reaffirmed an "outperform" rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Benchmark dropped their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Stifel Nicolaus dropped their target price on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Finally, The Goldman Sachs Group reduced their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and an average price target of $186.84.

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.