Kentucky Farm Bureau Mutual Insurance Co Purchases 21,634 Shares of Builders FirstSource, Inc. $BLDR

Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 21,634 shares of the company’s stock, valued at approximately $1,233,000.

Several other hedge funds have also added to or reduced their stakes in BLDR. Sunbelt Securities Inc. lifted its holdings in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP acquired a new position in Builders FirstSource in the second quarter valued at about $42,000. Clark Wealth Partners bought a new stake in shares of Builders FirstSource in the third quarter worth about $27,000. PFS Partners LLC bought a new stake in shares of Builders FirstSource in the third quarter worth about $28,000. Finally, Continuum Advisory LLC bought a new stake in shares of Builders FirstSource in the second quarter worth about $48,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Down 3.5%

BLDR opened at $60.16 on Friday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 162.60, a P/E/G ratio of 1.66 and a beta of 1.41. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The firm’s fifty day simple moving average is $58.76 and its 200 day simple moving average is $78.00.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLDR. Wells Fargo & Company raised their price target on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $78.00 price objective on shares of Builders FirstSource in a research report on Friday, October 30th. UBS Group lowered 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. Citizens Jmp started coverage on Builders FirstSource in a research note on Friday, August 21st. They set a “market perform” rating for the company. Finally, KeyCorp dropped their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.