Builders FirstSource, Inc. $BLDR Shares Newly Purchased by Citizens & Northern Corp

Citizens & Northern Corp bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 51,534 shares of the company’s stock, valued at approximately $2,938,000.

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

Builders FirstSource Stock Performance

NYSE:BLDR opened at $60.16 on Friday. The stock has a market cap of $6.47 billion, a P/E ratio of 162.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The firm’s fifty day simple moving average is $58.76 and its 200 day simple moving average is $78.00. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BLDR shares. Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. KeyCorp cut their target price on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Finally, Deutsche Bank set a $66.00 price target on Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $75.55.

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.