Swiss National Bank Sells 33,300 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Swiss National Bank trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,987 shares of the company's stock after selling 33,300 shares during the period. Swiss National Bank owned approximately 0.29% of Builders FirstSource worth $47,022,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Sigma Planning Corp acquired a new stake in Builders FirstSource in the third quarter worth approximately $278,000. Apollon Wealth Management LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $258,000. Aptus Capital Advisors LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $273,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at $521,000. Finally, Huntington National Bank lifted its position in shares of Builders FirstSource by 68.5% during the 3rd quarter. Huntington National Bank now owns 1,282 shares of the company's stock valued at $249,000 after acquiring an additional 521 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded up $0.67 during trading on Thursday, reaching $128.96. The company's stock had a trading volume of 1,482,134 shares, compared to its average volume of 1,584,965. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The business's fifty day moving average price is $149.00 and its 200-day moving average price is $166.56. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $214.70.

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Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BLDR shares. Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus decreased their target price on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating for the company in a research report on Monday, February 24th. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Truist Financial decreased their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

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.