Swiss Life Asset Management Ltd Sells 22,533 Shares of Builders FirstSource, Inc. $BLDR

Swiss Life Asset Management Ltd decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 69.2% in the third quarter, Holdings Channel.com reports. The firm owned 10,013 shares of the company’s stock after selling 22,533 shares during the period. Swiss Life Asset Management Ltd’s holdings in Builders FirstSource were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 132 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Builders FirstSource during the third quarter valued at about $34,000. CYBER HORNET ETFs LLC purchased a new stake in Builders FirstSource during the second quarter valued at about $38,000. MUFG Securities EMEA plc bought a new position in shares of Builders FirstSource during the second quarter valued at about $38,000. Finally, IMA Advisory Services Inc. grew its stake in shares of Builders FirstSource by 40.9% during the third quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after buying an additional 103 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $84.70 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $109.48 and a 200-day moving average price of $113.64. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.56. Builders FirstSource, Inc. has a 12 month low of $80.00 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent research reports. Weiss Ratings lowered Builders FirstSource from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. BMO Capital Markets reduced their price target on Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a research report on Friday, February 20th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday. Barclays lowered their price objective on Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, William Blair began coverage on shares of Builders FirstSource in a report on Thursday, February 26th. They issued an “outperform” rating on the stock. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $126.65.

Insiders Place Their Bets

In other Builders FirstSource news, Director Paul S. Levy acquired 50,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $87.73 per share, for a total transaction of $4,386,500.00. Following the transaction, the director owned 1,727,191 shares in the company, valued at $151,526,466.43. This represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.