Builders FirstSource, Inc. $BLDR Shares Newly Acquired by Welch & Forbes LLC

Welch & Forbes LLC acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 42,395 shares of the company’s stock, valued at approximately $2,417,000.

A number of other institutional investors have also recently bought and sold shares of BLDR. BlackRock Inc. bought a new stake in shares of Builders FirstSource in the second quarter valued at approximately $700,934,000. M&G PLC bought a new position in Builders FirstSource during the 3rd quarter worth $226,250,000. Beutel Goodman & Co Ltd. bought a new position in Builders FirstSource during the 3rd quarter worth $108,298,000. Retirement Systems of Alabama increased its stake in Builders FirstSource by 7,181.9% during the 3rd quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after acquiring an additional 1,622,824 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Builders FirstSource in the 2nd quarter valued at $134,908,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 4.6%

Shares of Builders FirstSource stock opened at $62.97 on Wednesday. The firm has a market capitalization of $6.78 billion, a PE ratio of 170.19, a price-to-earnings-growth ratio of 1.75 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The firm’s 50 day moving average is $58.83 and its 200 day moving average is $78.60. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays cut their target price on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Melius Research started coverage on Builders FirstSource in a research report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price target on the stock. Stifel Nicolaus raised their price target on Builders FirstSource from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, November 2nd. 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 note on Thursday, July 23rd. Finally, Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.