51,534 Shares in Builders FirstSource, Inc. $BLDR Acquired by Citizens & Northern Corp

Citizens & Northern Corp acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 51,534 shares of the company’s stock, valued at approximately $2,938,000.

Several other hedge funds also recently bought and sold shares of BLDR. Evolution Advisers Inc. boosted its holdings in Builders FirstSource by 212,250.0% in the 3rd quarter. Evolution Advisers Inc. now owns 4,247 shares of the company’s stock valued at $242,000 after purchasing an additional 4,245 shares during the period. Marble Harbor Investment Counsel LLC bought a new position in shares of Builders FirstSource in the third quarter worth $7,218,000. Fisher Asset Management LLC bought a new position in shares of Builders FirstSource in the third quarter worth $2,329,000. Private Advisory Group LLC purchased a new stake in shares of Builders FirstSource in the third quarter worth $212,000. Finally, Kentucky Farm Bureau Mutual Insurance Co purchased a new stake in shares of Builders FirstSource in the third quarter worth $1,233,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.5%

Shares of BLDR stock opened at $60.16 on Friday. The business has a 50-day moving average price of $58.76 and a two-hundred day moving average price of $78.00. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-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. The firm 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.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on BLDR shares. Benchmark dropped their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Deutsche Bank set a $66.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a research note on Monday, October 19th. KeyCorp decreased their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Finally, Stifel Nicolaus increased their price target on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 2nd. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Profile

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.