Pictet Asset Management Holding SA Increases Position in Builders FirstSource, Inc. (NYSE:BLDR)

Pictet Asset Management Holding SA boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,269 shares of the company's stock after purchasing an additional 12,491 shares during the period. Pictet Asset Management Holding SA owned approximately 0.29% of Builders FirstSource worth $47,062,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BLDR. D.A. Davidson & CO. purchased a new position in shares of Builders FirstSource during the 3rd quarter worth $278,000. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $28,000. Townsquare Capital LLC lifted its holdings in shares of Builders FirstSource by 11.9% in the 3rd quarter. Townsquare Capital LLC now owns 3,701 shares of the company's stock worth $718,000 after acquiring an additional 394 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $603,000. Finally, Hantz Financial Services Inc. acquired a new position in Builders FirstSource during the third quarter worth $3,538,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BLDR. BMO Capital Markets dropped their price objective on 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. Loop Capital cut their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Royal Bank of Canada lowered their price objective on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Wedbush restated an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a report on Tuesday. They set a "buy" rating and a $151.00 target price on the stock. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and an average price target of $188.63.

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Builders FirstSource Stock Performance

NYSE BLDR traded up $3.87 during trading hours on Friday, hitting $123.69. The company had a trading volume of 2,899,103 shares, compared to its average volume of 1,659,757. The business has a 50 day moving average of $141.46 and a 200-day moving average of $162.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 1-year low of $113.26 and a 1-year high of $206.02. The company has a market cap of $14.05 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion during 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%. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.