MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,732 shares of the company’s stock after selling 6,605 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Builders FirstSource were worth $8,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Contravisory Investment Management Inc. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at $28,000. Rock Creek Group LP bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $30,000. Bessemer Group Inc. boosted its holdings in shares of Builders FirstSource by 93.6% during the 2nd quarter. Bessemer Group Inc. now owns 242 shares of the company’s stock valued at $33,000 after buying an additional 117 shares in the last quarter. Raleigh Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares in the last quarter. Finally, BluePath Capital Management LLC bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Builders FirstSource from $135.00 to $150.00 and gave the company a “market perform” rating in a report on Thursday, December 7th. B. Riley upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price target for the stock from $128.00 to $177.00 in a research note on Wednesday, December 6th. Wedbush upped their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Builders FirstSource in a research note on Thursday. Finally, Oppenheimer upped their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $186.60.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $1.13 during mid-day trading on Friday, reaching $208.55. The company’s stock had a trading volume of 1,132,766 shares, compared to its average volume of 1,257,001. Builders FirstSource, Inc. has a 12-month low of $84.78 and a 12-month high of $214.70. The firm’s fifty day moving average price is $190.53 and its two-hundred day moving average price is $155.94. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The stock has a market cap of $25.43 billion, a P/E ratio of 17.39, a PEG ratio of 1.26 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.01 billion. On average, equities analysts forecast that Builders FirstSource, Inc. will post 14.02 EPS for the current fiscal year.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Builders FirstSource 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.