20,766 Shares of Builders FirstSource, Inc. $BLDR Purchased by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) in the third quarter, Holdings Channel reports. The fund purchased 20,766 shares of the company’s stock, valued at approximately $1,184,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Daily Journal Corp acquired a new stake in shares of Builders FirstSource during the third quarter worth about $80,555,000. Alta Advisers Ltd purchased a new stake in Builders FirstSource during the third quarter worth $1,240,000. Syverson Strege & Co acquired a new position in Builders FirstSource during the third quarter worth about $656,000. Steele Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth about $577,000. Finally, Birchwood Financial Partners Inc. purchased a new position in Builders FirstSource during the third quarter worth about $410,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

BLDR stock traded down $3.08 during midday trading on Friday, hitting $62.42. 2,438,293 shares of the company traded hands, compared to its average volume of 2,799,644. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The business has a 50 day simple moving average of $58.94 and a 200-day simple moving average of $79.21. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. Builders FirstSource’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.68 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the subject of several recent research reports. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Loop Capital cut Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research report on Monday, October 26th. KeyCorp reduced their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. UBS Group dropped their price target on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $78.00 target price on shares of Builders FirstSource in a report on Friday, October 30th. Seven analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average target price of $75.55.

Check Out Our Latest Research Report on Builders FirstSource

About Builders FirstSource

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).

Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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