Inspire Trust Co. N.A. Acquires New Holdings in Builders FirstSource, Inc. $BLDR

Inspire Trust Co. N.A. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 76,000 shares of the company’s stock, valued at approximately $4,333,000.

Several other hedge funds also recently made changes to their positions in BLDR. Clark Wealth Partners bought a new position in Builders FirstSource during the 3rd quarter worth $27,000. PFS Partners LLC acquired a new position in Builders FirstSource during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. raised its position in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Sunrise Financial Services LLC bought a new stake in Builders FirstSource during the third quarter worth $32,000. Finally, Barrett & Company Inc. bought a new stake in Builders FirstSource during the third quarter worth $33,000. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BLDR shares. Stifel Nicolaus raised their target price on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a report on Monday, November 2nd. Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Loop Capital downgraded Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a report on Monday, October 26th. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $62.97 on Wednesday. The business has a 50 day moving average of $58.83 and a 200-day moving average of $78.60. 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 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The company has a market capitalization of $6.78 billion, a P/E ratio of 170.19, a P/E/G ratio of 1.75 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned $1.88 EPS. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

About Builders FirstSource

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.