Forsta AP Fonden Sells 1,900 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Forsta AP Fonden trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,900 shares of the company's stock after selling 1,900 shares during the quarter. Forsta AP Fonden's holdings in Builders FirstSource were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in shares of Builders FirstSource during the fourth quarter valued at $405,000. JPMorgan Chase & Co. increased its stake in Builders FirstSource by 8.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company's stock valued at $153,766,000 after purchasing an additional 58,436 shares in the last quarter. Oak Thistle LLC purchased a new position in Builders FirstSource in the fourth quarter worth about $1,136,000. Principal Financial Group Inc. lifted its stake in shares of Builders FirstSource by 38.5% in the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock worth $39,025,000 after buying an additional 56,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Builders FirstSource by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock valued at $152,343,000 after buying an additional 16,000 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BLDR shares. Stifel Nicolaus reaffirmed a "buy" rating and issued a $175.00 price objective on shares of Builders FirstSource in a research report on Wednesday, January 8th. Jefferies Financial Group upped their price target on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Barclays reduced their price objective on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Oppenheimer restated an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.71.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $1.11 during mid-day trading on Wednesday, reaching $162.32. 1,302,548 shares of the company traded hands, compared to its average volume of 1,574,258. The company's 50 day moving average price is $160.51 and its 200-day moving average price is $171.43. The firm has a market cap of $18.68 billion, a PE ratio of 15.85, a PEG ratio of 0.92 and a beta of 2.12. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business's revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.24 earnings per share. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.52 EPS for the current fiscal year.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business'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 transaction, the director now directly owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

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.