1,398,520 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by Norges Bank

Norges Bank purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,398,520 shares of the company’s stock, valued at approximately $199,890,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Loomis Sayles & Co. L P raised its position in shares of Builders FirstSource by 8.9% during the fourth quarter. Loomis Sayles & Co. L P now owns 721,068 shares of the company’s stock valued at $103,062,000 after buying an additional 59,092 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Builders FirstSource by 27.8% in the 4th quarter. NEOS Investment Management LLC now owns 5,709 shares of the company’s stock valued at $816,000 after acquiring an additional 1,241 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Builders FirstSource by 24.4% in the 4th 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 in the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of Builders FirstSource by 9.0% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 11,814 shares of the company’s stock valued at $1,689,000 after purchasing an additional 972 shares during the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased 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 institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $124.53 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. The stock’s fifty day moving average is $145.58 and its two-hundred day moving average is $164.53. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $210.00. The company has a market capitalization 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.

Builders FirstSource (NYSE:BLDR) last posted its quarterly 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. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLDR. Royal Bank of Canada decreased their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Barclays lowered their target price on Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Finally, Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. 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 company’s stock. According to data from 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.