Murphy Pohlad Asset Management LLC Purchases New Holdings in Builders FirstSource, Inc. $BLDR

Murphy Pohlad Asset Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,082 shares of the company’s stock, valued at approximately $746,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Builders FirstSource during the second quarter worth $700,934,000. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth about $134,908,000. Pictet Asset Management Holding SA lifted its position in Builders FirstSource by 74.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,378,332 shares of the company’s stock valued at $113,478,000 after acquiring an additional 588,987 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Builders FirstSource in the 2nd quarter valued at about $83,832,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $0.66 during trading on Friday, reaching $56.88. 2,122,536 shares of the company’s stock traded hands, compared to its average volume of 2,361,329. The firm’s 50-day moving average is $60.29 and its 200 day moving average is $71.80. The company has a market capitalization of $6.12 billion, a P/E ratio of 62.51, a PEG ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released 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). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. Equities research analysts expect that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of several analyst reports. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Robert W. Baird set a $75.00 price target on Builders FirstSource in a report on Friday, July 31st. Benchmark lowered their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $82.25.

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.