Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,093 shares of the company’s stock after purchasing an additional 2,519 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Builders FirstSource were worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in BLDR. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource during the 3rd quarter worth about $2,099,877,000. FMR LLC raised its holdings in shares of Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock valued at $128,331,000 after acquiring an additional 661,718 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock valued at $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Builders FirstSource by 4,099.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 395,000 shares of the company’s stock valued at $76,575,000 after acquiring an additional 385,593 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BLDR. Stifel Nicolaus lowered their price target on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Raymond James reaffirmed an “outperform” rating and issued a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Truist Financial reduced their price objective on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Price Performance

BLDR opened at $126.20 on Friday. The stock’s 50 day simple moving average is $150.33 and its 200 day simple moving average is $167.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $214.70. The firm 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 posted its quarterly 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. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.