Norges Bank Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Norges Bank purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,398,520 shares of the company’s stock, valued at approximately $199,890,000. Norges Bank owned 1.22% of Builders FirstSource as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P increased its position in shares of Builders FirstSource by 8.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 721,068 shares of the company’s stock worth $103,062,000 after purchasing an additional 59,092 shares during the last quarter. NEOS Investment Management LLC raised its position in Builders FirstSource by 27.8% in the 4th quarter. NEOS Investment Management LLC now owns 5,709 shares of the company’s stock worth $816,000 after purchasing an additional 1,241 shares during the period. UniSuper Management Pty Ltd lifted its stake in Builders FirstSource by 24.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 14,028 shares of the company’s stock worth $2,005,000 after purchasing an additional 2,752 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in Builders FirstSource by 9.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 11,814 shares of the company’s stock valued at $1,689,000 after buying an additional 972 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $557,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BLDR. BMO Capital Markets dropped their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Loop Capital dropped their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Trading Down 2.7 %

NYSE:BLDR opened at $124.53 on Monday. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $210.00. The business has a fifty day moving average price of $145.58 and a 200-day moving average price of $164.53. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource Profile

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.