76,000 Shares of Builders FirstSource, Inc. $BLDR Acquired by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 76,000 shares of the company’s stock, valued at approximately $4,333,000. Inspire Trust Co. N.A. owned approximately 0.07% of Builders FirstSource at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Bahl & Gaynor LLC bought a new stake in Builders FirstSource in the third quarter worth approximately $4,257,000. Northbridge Financial Group LLC boosted its stake in shares of Builders FirstSource by 211.9% during the 3rd quarter. Northbridge Financial Group LLC now owns 8,377 shares of the company’s stock worth $478,000 after acquiring an additional 5,691 shares in the last quarter. Macco Financial Group Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth about $148,000. AMG National Trust Bank acquired a new position in shares of Builders FirstSource during the 3rd quarter valued at about $877,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in shares of Builders FirstSource during the 3rd quarter valued at about $858,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $62.97 on Wednesday. The stock’s fifty day simple moving average is $58.83 and its 200 day simple moving average is $78.60. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $6.78 billion, a PE ratio of 170.19, a PEG ratio of 1.75 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. BMO Capital Markets restated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. KeyCorp lowered their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.