Builders FirstSource, Inc. $BLDR Stock Bought by WASHINGTON TRUST Co

WASHINGTON TRUST Co increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 329.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,597 shares of the company’s stock after buying an additional 8,895 shares during the period. WASHINGTON TRUST Co’s holdings in Builders FirstSource were worth $661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Builders FirstSource during the 2nd quarter valued at about $700,934,000. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $134,908,000. Pictet Asset Management Holding SA lifted its position in shares of Builders FirstSource by 74.6% in the 1st 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 during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $83,832,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent research reports. KeyCorp dropped their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday, October 19th. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada cut 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. Eight equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average target price of $82.25.

Builders FirstSource Stock Down 1.1%

Shares of NYSE:BLDR opened at $56.88 on Friday. 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 fifty day moving average of $60.29 and a two-hundred day moving average of $71.80. The stock has a market cap of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, July 30th. The company reported $1.17 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%. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.38 earnings per share. On average, research analysts expect that Builders FirstSource, Inc. will post 3.07 earnings per share 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.