9,575 Shares of Builders FirstSource, Inc. $BLDR Bought by Van Strum & Towne Inc.

Van Strum & Towne Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The fund purchased 9,575 shares of the company’s stock, valued at approximately $546,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter valued at approximately $700,934,000. Pictet Asset Management Holding SA lifted its stake in Builders FirstSource by 16.1% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock worth $251,651,000 after purchasing an additional 613,087 shares in the last quarter. M&G PLC bought a new position in Builders FirstSource in the 3rd quarter valued at $226,250,000. Dimensional Fund Advisors LP boosted its holdings in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after purchasing an additional 325,935 shares during the period. Finally, Beutel Goodman & Co Ltd. bought a new position in Builders FirstSource in the 3rd quarter valued at $108,298,000. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BLDR. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Deutsche Bank set a $66.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Wells Fargo & Company lifted their price objective on Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Finally, UBS Group reduced their target price on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Down 3.5%

Shares of NYSE:BLDR opened at $60.16 on Friday. The firm has a market capitalization of $6.47 billion, a PE ratio of 162.60, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The firm has a fifty day moving average of $58.76 and a 200 day moving average of $78.00.

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

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.