Kentucky Farm Bureau Mutual Insurance Co Acquires New Stake in Builders FirstSource, Inc. $BLDR

Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,634 shares of the company’s stock, valued at approximately $1,233,000.

A number of other hedge funds have also recently bought and sold shares of the company. Harbor Island Capital LLC acquired a new position in Builders FirstSource during the 3rd quarter valued at about $12,524,000. Nisa Investment Advisors LLC boosted its stake in shares of Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after purchasing an additional 730,723 shares during the last quarter. Louisbourg Investments Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $1,949,000. BlackRock Inc. bought a new position in shares of Builders FirstSource in the 2nd quarter valued at about $700,934,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $3,218,000. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, October 30th. William Blair lowered shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Deutsche Bank set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. DA Davidson set a $68.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Finally, Benchmark lowered their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Seven equities research 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Trading Down 3.5%

NYSE:BLDR opened at $60.16 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 162.60, a PEG ratio of 1.66 and a beta of 1.41. The business’s 50-day moving average price is $58.76 and its two-hundred day moving average price is $78.00.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.45. The company had revenue of $3.85 billion during 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%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.88 EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

About Builders FirstSource

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.