42,395 Shares in Builders FirstSource, Inc. $BLDR Purchased by Welch & Forbes LLC

Welch & Forbes LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 42,395 shares of the company’s stock, valued at approximately $2,417,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Builders FirstSource in the 2nd quarter valued at approximately $700,934,000. M&G PLC bought a new position in shares of Builders FirstSource during the third quarter valued at $226,250,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Builders FirstSource during the third quarter worth $108,298,000. Retirement Systems of Alabama lifted its holdings in shares of Builders FirstSource by 7,181.9% during the third quarter. Retirement Systems of Alabama now owns 1,645,420 shares of the company’s stock worth $93,805,000 after purchasing an additional 1,622,824 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Builders FirstSource during the second quarter worth $134,908,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 4.6%

Shares of NYSE:BLDR opened at $62.97 on Wednesday. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 170.19, a P/E/G ratio of 1.75 and a beta of 1.41. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The business’s 50-day moving average is $58.83 and its 200-day moving average is $78.60. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

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

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent research reports. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Wells Fargo & Company lifted their target price on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $78.00 price target on shares of Builders FirstSource in a research report on Friday, October 30th. Finally, Benchmark decreased their price target on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Profile

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.