KBC Group NV Has $22.07 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

KBC Group NV boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 116.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,395 shares of the company’s stock after purchasing an additional 82,912 shares during the quarter. KBC Group NV owned about 0.13% of Builders FirstSource worth $22,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLDR. Mountaineer Partners Management LLC bought a new position in shares of Builders FirstSource in the third quarter valued at $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 worth $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. bought a new position in Builders FirstSource in the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. acquired a new position in Builders FirstSource during the 3rd quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P increased its holdings in Builders FirstSource by 256,479.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after purchasing an additional 661,718 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $169.51 on Wednesday. The firm has a market capitalization of $19.51 billion, a PE ratio of 16.55, a P/E/G ratio of 0.90 and a beta of 2.11. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $162.34 and a two-hundred day moving average price of $171.21. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $4.24 earnings per share. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts forecast that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. DA Davidson raised their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Raymond James began coverage on shares of Builders FirstSource in a report on Friday, January 17th. They set an “outperform” rating and a $180.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Oppenheimer reissued an “outperform” rating and set a $225.00 price target on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $205.71.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

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.