NBT Bank N.A. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 30,866 shares of the company’s stock, valued at approximately $1,760,000.
Several other large investors have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Builders FirstSource during the 3rd quarter worth $622,000. Trust Co of the South purchased a new stake in shares of Builders FirstSource during the third quarter worth $795,000. Investment House LLC grew its holdings in shares of Builders FirstSource by 97.7% during the third quarter. Investment House LLC now owns 147,460 shares of the company’s stock worth $8,407,000 after buying an additional 72,860 shares in the last quarter. Cadinha & Co. LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,357,000. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $1,054,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BLDR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday. Oppenheimer dropped their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Wells Fargo & Company cut their target price on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Benchmark cut their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada reduced their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $82.25.
Read Our Latest Stock Report on BLDR
Builders FirstSource Stock Down 1.1%
BLDR stock opened at $56.88 on Friday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm has a market cap of $6.12 billion, a PE ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45. The firm’s 50 day moving average price is $60.29 and its 200-day moving average price is $71.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 earnings per share. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current year.
Builders FirstSource Company Profile
Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.
Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.
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