Zurcher Kantonalbank Zurich Cantonalbank Sells 36,953 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,254 shares of the company's stock after selling 36,953 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Builders FirstSource worth $13,398,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BLDR. Alliancebernstein L.P. lifted its stake in Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company's stock valued at $313,486,000 after buying an additional 1,487,620 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Builders FirstSource by 14.8% in the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company's stock valued at $727,819,000 after purchasing an additional 1,455,580 shares during the period. Norges Bank acquired a new position in shares of Builders FirstSource in the 4th quarter valued at about $91,288,000. Invesco Ltd. increased its holdings in shares of Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company's stock valued at $243,516,000 after purchasing an additional 874,268 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Builders FirstSource by 1,106.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company's stock valued at $5,183,000 after purchasing an additional 774,515 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of research reports. Royal Bank of Canada upped their target price on Builders FirstSource from $186.00 to $211.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. StockNews.com upgraded Builders FirstSource from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Oppenheimer increased their price objective on Builders FirstSource from $220.00 to $242.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Truist Financial increased their price objective on Builders FirstSource from $185.00 to $190.00 and gave the stock a "hold" rating in a report on Friday, February 23rd. Finally, Barclays increased their price objective on Builders FirstSource from $235.00 to $240.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $190.06.

Insider Activity

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the firm's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company's stock, valued at $5,747,600. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Builders FirstSource Stock Performance

Shares of BLDR traded down $5.25 during mid-day trading on Friday, hitting $177.03. The company's stock had a trading volume of 1,566,498 shares, compared to its average volume of 1,074,473. Builders FirstSource, Inc. has a one year low of $90.10 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The firm has a market capitalization of $21.59 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.11 and a beta of 2.04. The stock's 50-day moving average is $195.30 and its two-hundred day moving average is $163.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to analysts' expectations of $4.01 billion. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 13.84 EPS 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.