FARMERS & MERCHANTS TRUST Co OF LONG BEACH Acquires 18,489 Shares of Builders FirstSource, Inc. $BLDR

FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The firm purchased 18,489 shares of the company’s stock, valued at approximately $1,054,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E. Ohman J or Asset Management AB acquired a new stake in Builders FirstSource during the third quarter worth about $4,295,000. SBI Securities Co. Ltd. increased its holdings in Builders FirstSource by 20,943.4% in the third quarter. SBI Securities Co. Ltd. now owns 30,092 shares of the company’s stock worth $1,716,000 after purchasing an additional 29,949 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $43,000. Smith Chas P & Associates PA Cpas bought a new position in Builders FirstSource in the 3rd quarter valued at about $169,000. Finally, Cypress Wealth Services LLC purchased a new position in Builders FirstSource during the third quarter worth about $1,089,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $57.49 on Friday. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The stock has a fifty day moving average price of $60.60 and a 200 day moving average price of $71.91. The stock has a market cap of $6.19 billion, a PE ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share 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 analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the business earned $2.38 earnings per share. Sell-side analysts forecast that Builders FirstSource, Inc. will post 3.10 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLDR shares. Royal Bank Of Canada reduced their target price on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. William Blair cut shares of Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a report on Monday. Finally, Melius Research started coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.25.

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.