Zurcher Kantonalbank Zurich Cantonalbank Sells 36,953 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 31.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 80,254 shares of the company’s stock after selling 36,953 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Builders FirstSource were worth $13,398,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Builders FirstSource by 0.5% in the first quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock valued at $1,124,428,000 after acquiring an additional 86,484 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after buying an additional 1,455,580 shares during the last quarter. State Street Corp boosted its holdings in Builders FirstSource by 0.4% during the first quarter. State Street Corp now owns 4,552,723 shares of the company’s stock worth $404,191,000 after buying an additional 17,357 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after buying an additional 1,487,620 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Builders FirstSource by 1.7% during the first quarter. Geode Capital Management LLC now owns 2,138,839 shares of the company’s stock worth $190,771,000 after buying an additional 35,562 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Jefferies Financial Group raised their target price on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America raised Builders FirstSource from a “neutral” rating to a “buy” rating and raised their price target for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. StockNews.com raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.06.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Builders FirstSource Stock Down 3.0 %

Shares of Builders FirstSource stock opened at $176.87 on Friday. The business’s 50 day simple moving average is $195.30 and its 200 day simple moving average is $162.76. Builders FirstSource, Inc. has a 52-week low of $90.10 and a 52-week high of $214.70. The firm has a market cap of $21.57 billion, a PE ratio of 14.75, a P/E/G ratio of 1.09 and a beta of 2.04. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. On average, analysts predict that Builders FirstSource, Inc. will post 13.84 earnings per share for the current fiscal year.

Builders FirstSource Company 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.