Gulf International Bank UK Ltd Has $1.43 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Gulf International Bank UK Ltd cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the company’s stock after selling 103 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Builders FirstSource were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its position in Builders FirstSource by 1.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 113,395 shares of the company’s stock worth $16,208,000 after purchasing an additional 1,145 shares in the last quarter. First Horizon Advisors Inc. increased its position in Builders FirstSource by 36.0% during the 4th quarter. First Horizon Advisors Inc. now owns 635 shares of the company’s stock worth $91,000 after purchasing an additional 168 shares in the last quarter. Deseret Mutual Benefit Administrators increased its position in Builders FirstSource by 22.5% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,123 shares of the company’s stock worth $161,000 after purchasing an additional 206 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position in Builders FirstSource by 355.0% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 9,100 shares of the company’s stock worth $1,301,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Builders FirstSource during the 4th quarter worth approximately $224,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.1 %

NYSE:BLDR opened at $139.03 on Friday. The firm’s fifty day moving average is $152.82 and its 200-day moving average is $170.03. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The firm has a market cap of $15.80 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLDR. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. 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. Benchmark reduced their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Finally, Stephens boosted their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.