Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 329,269 shares of the company’s stock after acquiring an additional 12,491 shares during the period. Pictet Asset Management Holding SA’s holdings in Builders FirstSource were worth $47,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $74,000. Norges Bank acquired a new stake in Builders FirstSource in the fourth quarter valued at $199,890,000. Loomis Sayles & Co. L P boosted its position in shares of Builders FirstSource by 8.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 721,068 shares of the company’s stock worth $103,062,000 after purchasing an additional 59,092 shares in the last quarter. NEOS Investment Management LLC grew its stake in shares of Builders FirstSource by 27.8% during the 4th quarter. NEOS Investment Management LLC now owns 5,709 shares of the company’s stock worth $816,000 after purchasing an additional 1,241 shares during the period. Finally, UniSuper Management Pty Ltd increased its holdings in shares of Builders FirstSource by 24.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 14,028 shares of the company’s stock valued at $2,005,000 after purchasing an additional 2,752 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BLDR. Loop Capital decreased their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Wedbush restated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a report on Wednesday, December 18th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. BMO Capital Markets lowered their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Finally, Stifel Nicolaus cut their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five 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 data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.72.

Builders FirstSource Stock Down 2.7 %

Shares of NYSE:BLDR opened at $124.53 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.80 and a beta of 2.19. The stock’s 50-day moving average price is $145.58 and its two-hundred day moving average price is $164.53. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $210.00.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (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 business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.