Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,519 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,093 shares of the company's stock after acquiring an additional 2,519 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Builders FirstSource were worth $5,873,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Mountaineer Partners Management LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at $2,099,877,000. FMR LLC increased its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the period. Baillie Gifford & Co. raised its stake in Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after purchasing an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company's stock worth $282,697,000 after buying an additional 277,897 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Builders FirstSource by 7.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company's stock valued at $139,518,000 after buying an additional 71,525 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

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Builders FirstSource Stock Down 0.3 %

Shares of NYSE BLDR traded down $0.36 during midday trading on Tuesday, hitting $127.79. 1,306,947 shares of the stock traded hands, compared to its average volume of 1,581,386. 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 one year low of $122.49 and a one year high of $214.70. The business has a 50 day moving average price of $149.62 and a two-hundred day moving average price of $167.16. The company has a market cap of $14.52 billion, a PE ratio of 14.11, a P/E/G ratio of 0.80 and a beta of 2.19.

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, beating analysts' consensus estimates of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

BLDR has been the subject of several research analyst reports. Benchmark lowered their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Wedbush reiterated an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Raymond James restated an "outperform" rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Finally, Royal Bank of Canada lowered their price objective on Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.72.

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.