Pictet Asset Management Holding SA Raises Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Pictet Asset Management Holding SA boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,269 shares of the company’s stock after acquiring an additional 12,491 shares during the quarter. Pictet Asset Management Holding SA owned about 0.29% of Builders FirstSource worth $47,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Builders FirstSource in the 3rd quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at $34,000. Avion Wealth lifted its stake in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after acquiring an additional 306 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after acquiring an additional 237 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.7 %

Shares of NYSE BLDR opened at $124.53 on Monday. The business has a 50-day moving average price of $145.58 and a 200 day moving average price of $164.53. The stock has a market cap of $14.15 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52-week low of $122.49 and a 52-week high of $210.00.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion during 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%. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLDR. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial reduced their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.72.

About Builders FirstSource

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.