DNB Asset Management AS Acquires 27,783 Shares of Builders FirstSource, Inc. $BLDR

DNB Asset Management AS lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 97.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,360 shares of the company’s stock after purchasing an additional 27,783 shares during the period. DNB Asset Management AS owned about 0.05% of Builders FirstSource worth $6,834,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in shares of Builders FirstSource by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after buying an additional 295 shares during the period. Woodline Partners LP grew its position in Builders FirstSource by 40.7% during the 1st quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after acquiring an additional 2,812 shares during the last quarter. AlphaQuest LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $67,000. Wealthfront Advisers LLC purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $253,000. Finally, Nisa Investment Advisors LLC lifted its position in Builders FirstSource by 82.1% in the second quarter. Nisa Investment Advisors LLC now owns 5,847 shares of the company’s stock valued at $682,000 after purchasing an additional 2,636 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 0.5%

Shares of BLDR opened at $104.06 on Monday. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $151.03. 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 firm’s 50-day moving average price is $114.86 and its 200-day moving average price is $119.07. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 2.52 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The company 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 company earned $2.31 earnings per share. Builders FirstSource’s quarterly revenue was down 12.1% on a year-over-year basis. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent analyst reports. DA Davidson cut their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. BMO Capital Markets cut their price target on shares of Builders FirstSource from $123.00 to $120.00 and set a “market perform” rating on the stock in a report on Friday, February 20th. Barclays decreased their price objective on shares of Builders FirstSource from $136.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, January 21st. Finally, Stifel Nicolaus reduced their price target on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Company 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.