84,908 Shares in Builders FirstSource, Inc. $BLDR Bought by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 84,908 shares of the company’s stock, valued at approximately $4,841,000.

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

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Melius Research began coverage on Builders FirstSource in a report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada dropped their price target on Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Eight investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Stock Performance

Shares of BLDR opened at $57.49 on Friday. The stock has a 50 day moving average of $60.60 and a 200 day moving average of $71.91. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 1.76 and a beta of 1.45. 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 issued its earnings results 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 return on equity of 11.73% and a net margin of 0.71%. The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the business earned $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.10 earnings per share for the current year.

Builders FirstSource Profile

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.