13,953 Shares in Builders FirstSource, Inc. $BLDR Bought by Trust Co of the South

Trust Co of the South purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 13,953 shares of the company’s stock, valued at approximately $795,000.

Other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC boosted its position in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Allworth Financial LP acquired a new stake in Builders FirstSource in the second quarter valued at approximately $42,000. Clark Wealth Partners bought a new stake in shares of Builders FirstSource during the third quarter worth $27,000. Finally, PFS Partners LLC bought a new stake in shares of Builders FirstSource during the third quarter worth $28,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. Barclays lowered their price target on shares of Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Wells Fargo & Company reduced their price objective on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. UBS Group set a $85.00 price objective on Builders FirstSource in a research report on Thursday, October 1st. Finally, Benchmark lowered their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $82.25.

Builders FirstSource Trading Up 7.4%

BLDR opened at $57.49 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 1.76 and a beta of 1.45. The company’s 50 day moving average price is $60.60 and its two-hundred day moving average price is $71.91.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 earnings per share. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.10 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.