Builders FirstSource, Inc. $BLDR Shares Acquired by Keybank National Association OH

Keybank National Association OH increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 19,306.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,791,411 shares of the company’s stock after acquiring an additional 1,782,180 shares during the quarter. Keybank National Association OH’s holdings in Builders FirstSource were worth $102,128,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BLDR. Sunbelt Securities Inc. increased 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 purchasing an additional 300 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Builders FirstSource during the second quarter valued at about $42,000. Clark Wealth Partners bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $27,000. PFS Partners LLC bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $28,000. Finally, Continuum Advisory LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth about $48,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $62.97 on Wednesday. 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 has a fifty day simple moving average of $58.83 and a two-hundred day simple moving average of $78.60. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. 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.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BLDR shares. UBS Group reduced their target price on Builders FirstSource from $88.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, October 30th. Royal Bank Of Canada dropped their price target on Builders FirstSource from $62.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Benchmark cut their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Wells Fargo & Company raised their price objective on Builders FirstSource from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $75.55.

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.