Farmers & Merchants Investments Inc. Buys 144,410 Shares of Builders FirstSource, Inc. $BLDR

Farmers & Merchants Investments Inc. boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 192,546.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 144,485 shares of the company’s stock after acquiring an additional 144,410 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Builders FirstSource were worth $8,237,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Investment Advisors LLC boosted its holdings in Builders FirstSource by 195.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 60,847 shares of the company’s stock worth $3,469,000 after buying an additional 40,270 shares during the period. Vision Financial Markets LLC bought a new position in Builders FirstSource during the third quarter valued at approximately $48,000. Atala Financial Inc bought a new position in shares of Builders FirstSource during the third quarter valued at about $422,000. Sterling Capital Management LLC grew its holdings in shares of Builders FirstSource by 408.1% in the third quarter. Sterling Capital Management LLC now owns 16,015 shares of the company’s stock worth $913,000 after purchasing an additional 12,863 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its stake in Builders FirstSource by 329.2% in the third quarter. WASHINGTON TRUST Co now owns 11,597 shares of the company’s stock worth $661,000 after acquiring an additional 8,895 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of several research reports. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Melius Research started coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. DA Davidson set a $68.00 price target on Builders FirstSource in a research note on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a report on Monday. Finally, Oppenheimer dropped their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Eight investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Stock Performance

BLDR stock opened at $56.88 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The business’s fifty day simple moving average is $60.29 and its two-hundred day simple moving average is $71.80. 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 (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $2.38 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts predict that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

About Builders FirstSource

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.