Builders FirstSource, Inc. $BLDR Stock Acquired by WASHINGTON TRUST Co

WASHINGTON TRUST Co grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 329.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,597 shares of the company’s stock after buying an additional 8,895 shares during the quarter. WASHINGTON TRUST Co’s holdings in Builders FirstSource were worth $661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BLDR. Nisa Investment Advisors LLC raised its position in Builders FirstSource by 40,460.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 732,529 shares of the company’s stock valued at $41,761,000 after purchasing an additional 730,723 shares during the last quarter. BlackRock Inc. acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Louisbourg Investments Inc. acquired a new position in Builders FirstSource during the third quarter worth $1,949,000. CWA Asset Management Group LLC acquired a new position in shares of Builders FirstSource during the 3rd quarter worth $829,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Builders FirstSource in the second quarter valued at about $7,317,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Barclays decreased their price objective on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. 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. DA Davidson set a $68.00 price target on Builders FirstSource in a report on Friday, July 31st. Finally, Citigroup restated a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.25.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $56.88 on Friday. The firm’s 50 day moving average is $60.29 and its two-hundred day moving average is $71.80. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.89 and a beta of 1.45. 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, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the company posted $2.38 EPS. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 3.07 earnings per share for the current year.

About Builders FirstSource

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.