Builders FirstSource, Inc. $BLDR Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5,263.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 26,817 shares of the company’s stock after acquiring an additional 26,317 shares during the period. CENTRAL TRUST Co’s holdings in Builders FirstSource were worth $1,529,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clark Wealth Partners acquired a new stake in shares of Builders FirstSource during the third quarter worth $27,000. PFS Partners LLC acquired a new position in Builders FirstSource in the third quarter valued at about $28,000. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the period. Sunrise Financial Services LLC acquired a new position in Builders FirstSource in the third quarter valued at about $32,000. Finally, Barrett & Company Inc. bought a new position in Builders FirstSource during the third quarter worth about $33,000. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating for the company in a research note on Friday, October 30th. Stifel Nicolaus boosted their price objective on shares of Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a report on Monday, November 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Wells Fargo & Company increased their target price on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Finally, Benchmark reduced their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Price Performance

NYSE BLDR opened at $60.54 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 163.63, a PEG ratio of 1.60 and a beta of 1.41. The business has a 50 day simple moving average of $58.69 and a 200 day simple moving average of $77.72. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50.

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 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 company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal 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.