Skandinaviska Enskilda Banken AB publ Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,716 shares of the company’s stock after selling 1,435 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Builders FirstSource were worth $3,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter worth about $34,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the third quarter worth about $46,000. Finally, Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 2.8 %

Shares of NYSE BLDR opened at $126.20 on Monday. 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 $214.70. The firm’s fifty day moving average is $149.97 and its 200 day moving average is $167.47. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLDR. Raymond James reissued an “outperform” rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus dropped their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, BMO Capital Markets dropped their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Moderate Buy” and an average price target of $190.72.

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.