Swiss Life Asset Management Ltd Trims Position in Builders FirstSource, Inc. $BLDR

Swiss Life Asset Management Ltd cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 69.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Daiwa Securities Group Inc. grew its stake in Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after acquiring an additional 78 shares in the last quarter. VestGen Advisors LLC increased its holdings in Builders FirstSource by 4.6% during the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock worth $227,000 after acquiring an additional 86 shares during the period. Aprio Wealth Management LLC lifted its stake in Builders FirstSource by 2.7% in the 3rd quarter. Aprio Wealth Management LLC now owns 3,680 shares of the company’s stock worth $446,000 after purchasing an additional 98 shares in the last quarter. Ramirez Asset Management Inc. lifted its stake in Builders FirstSource by 25.0% in the 3rd quarter. Ramirez Asset Management Inc. now owns 500 shares of the company’s stock worth $61,000 after purchasing an additional 100 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its holdings in Builders FirstSource by 40.9% in the 3rd quarter. IMA Advisory Services Inc. now owns 355 shares of the company’s stock valued at $43,000 after purchasing an additional 103 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Builders FirstSource

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

Builders FirstSource Stock Up 4.3%

Shares of NYSE:BLDR opened at $84.70 on Tuesday. The firm has a market capitalization of $9.37 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.16 and a current ratio of 1.86. Builders FirstSource, Inc. has a 52-week low of $80.00 and a 52-week high of $151.03. The firm has a fifty day moving average of $109.48 and a 200 day moving average of $113.64.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on BLDR shares. Benchmark decreased their price target on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a report on Friday, February 20th. William Blair began coverage on Builders FirstSource in a research note on Thursday, February 26th. They set an “outperform” rating for the company. DA Davidson reduced their target price on Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Jefferies Financial Group decreased their target price on Builders FirstSource from $112.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada raised Builders FirstSource from a “sector perform” rating to an “outperform” rating and set a $119.00 price target on the stock in a report on Thursday, March 5th. Ten analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $126.65.

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.