736,750 Shares of Builders FirstSource, Inc. $BLDR Bought by Vest Financial LLC

Vest Financial LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 736,750 shares of the company’s stock, valued at approximately $42,002,000.

Several other institutional investors have also recently added to or reduced their stakes in BLDR. BlackRock Inc. acquired a new position in Builders FirstSource in the second quarter valued at approximately $700,934,000. Dimensional Fund Advisors LP raised its holdings in Builders FirstSource by 12.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Builders FirstSource during the second quarter worth approximately $134,908,000. Pictet Asset Management Holding SA raised its holdings in Builders FirstSource by 74.6% during the first quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock worth $113,478,000 after purchasing an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth approximately $83,832,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8%

Shares of NYSE BLDR opened at $53.51 on Thursday. The stock has a market cap of $5.76 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 1.76 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The business has a 50-day moving average price of $60.92 and a 200 day moving average price of $72.06.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for 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 quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 3.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLDR shares. Royal Bank Of Canada lowered their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Melius Research initiated coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target for the company. Finally, Citizens Jmp started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued 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 $82.25.

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.