KLP Kapitalforvaltning AS Has $4.60 Million Stock Position in Builders FirstSource, Inc. $BLDR

KLP Kapitalforvaltning AS lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 13.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,900 shares of the company’s stock after selling 5,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Builders FirstSource were worth $4,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BLDR. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource during the second quarter worth $38,000. MUFG Securities EMEA plc acquired a new position in shares of Builders FirstSource during the 2nd quarter worth about $38,000. Mather Group LLC. bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $48,000. Smithfield Trust Co lifted its stake in Builders FirstSource by 187.7% in the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after purchasing an additional 274 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $61,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Loop Capital lowered their price target on Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. BMO Capital Markets decreased their target price on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Vertical Research began coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They set a “sell” rating and a $109.41 price objective for the company. Finally, KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and a consensus price target of $133.02.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $124.73 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 23.76, a P/E/G ratio of 13.52 and a beta of 1.57. The stock’s fifty day moving average price is $106.63 and its two-hundred day moving average price is $121.65. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $175.12.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter last year, the firm earned $3.07 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.