Trust Co of the South Acquires 13,953 Shares of Builders FirstSource, Inc. $BLDR

Trust Co of the South acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,953 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLDR. Nisa Investment Advisors LLC boosted its stake in shares of Builders FirstSource by 40,460.9% in the third 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. BlackRock Inc. acquired a new stake in Builders FirstSource during the second quarter worth approximately $700,934,000. Louisbourg Investments Inc. acquired a new stake in Builders FirstSource during the third quarter worth approximately $1,949,000. The Manufacturers Life Insurance Company bought a new position in Builders FirstSource during the 2nd quarter worth $7,317,000. Finally, First Citizens Bank & Trust Co. bought a new position in Builders FirstSource during the 3rd quarter worth $3,218,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BLDR. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a report on Thursday, August 6th. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Royal Bank Of Canada dropped their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. KeyCorp cut their price objective on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. Finally, Melius Research began coverage on shares of Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource Stock Up 7.4%

Shares of BLDR opened at $57.49 on Friday. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The company has a market cap of $6.19 billion, a P/E ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45. 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 50 day simple moving average of $60.60 and a two-hundred day simple moving average of $71.91.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company earned $2.38 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 3.10 EPS for the current fiscal 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.