Builders FirstSource, Inc. $BLDR Shares Purchased by Ashurst Perkins Coie Trust Co

Ashurst Perkins Coie Trust Co grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 4,196.9% during the 3rd quarter, Holdings Channel reports. The fund owned 61,531 shares of the company’s stock after buying an additional 60,099 shares during the period. Ashurst Perkins Coie Trust Co’s holdings in Builders FirstSource were worth $3,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. lifted its stake in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of 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 purchasing an additional 113 shares in the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $34,000. Versant Capital Management Inc grew its position in Builders FirstSource by 67.5% in the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after acquiring an additional 270 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Builders FirstSource in the 2nd quarter worth approximately $42,000. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of a number of recent analyst reports. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research note on Thursday, October 1st. Benchmark cut their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Oppenheimer reduced their price target on Builders FirstSource from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research report on Friday, September 18th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $84.50.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $50.46 on Thursday. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month 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’s 50 day simple moving average is $62.87 and its 200-day simple moving average is $73.00. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted 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 business had revenue of $3.86 billion for 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%. Builders FirstSource’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $2.38 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 3.19 EPS for the current year.

About Builders FirstSource

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.