KBC Group NV Acquires 82,912 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

KBC Group NV boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 116.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 154,395 shares of the company’s stock after buying an additional 82,912 shares during the quarter. KBC Group NV’s holdings in Builders FirstSource were worth $22,068,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Brooklyn Investment Group purchased a new position in Builders FirstSource in the third quarter worth $28,000. Armstrong Advisory Group Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource in the 4th quarter worth about $33,000. Reston Wealth Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.3 %

NYSE:BLDR opened at $169.51 on Wednesday. The company has a 50-day moving average price of $162.34 and a 200-day moving average price of $171.21. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 0.90 and a beta of 2.11. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued 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 company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter last year, the business earned $4.24 earnings per share. The business’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post 11.53 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on BLDR shares. The Goldman Sachs Group started coverage on shares of Builders FirstSource in a research report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target on the stock. Oppenheimer reiterated an “outperform” rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Raymond James began coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They set an “outperform” rating and a $180.00 price target for the company. Stephens lifted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group assumed coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $205.71.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the transaction, the director now owns 33,083 shares in the company, valued at approximately $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by corporate insiders.

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.