Swedbank AB Has $6.15 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Swedbank AB reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,014 shares of the company's stock after selling 2,451 shares during the quarter. Swedbank AB's holdings in Builders FirstSource were worth $6,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $28,000. Armstrong Advisory Group Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the fourth quarter worth about $33,000. Reston Wealth Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at about $46,000. 95.53% of the stock is owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Price Performance

BLDR traded down $1.11 on Wednesday, hitting $162.32. 1,302,548 shares of the company's stock traded hands, compared to its average volume of 1,574,258. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company's 50 day simple moving average is $160.51 and its 200-day simple moving average is $171.43. The firm has a market cap of $18.68 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 0.92 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company's revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $4.24 earnings per share. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BLDR shares. The Goldman Sachs Group started coverage on Builders FirstSource in a report on Thursday, October 10th. They issued a "buy" rating and a $225.00 price objective on the stock. Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Robert W. Baird lifted their price target on shares of Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus reiterated a "buy" rating and issued a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, January 8th. Finally, Jefferies Financial Group boosted their target price on shares of Builders FirstSource from $185.00 to $223.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and an average target price of $205.71.

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.