CENTRAL TRUST Co Purchases 26,317 Shares of Builders FirstSource, Inc. $BLDR

CENTRAL TRUST Co grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 5,263.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,817 shares of the company’s stock after purchasing an additional 26,317 shares during the period. CENTRAL TRUST Co’s holdings in Builders FirstSource were worth $1,529,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sunbelt Securities Inc. raised its position in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after buying an additional 300 shares during the last quarter. Allworth Financial LP bought a new stake in Builders FirstSource in the 2nd quarter valued at approximately $42,000. Clark Wealth Partners acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $27,000. PFS Partners LLC acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $28,000. Finally, Continuum Advisory LLC acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 0.7%

Shares of NYSE:BLDR opened at $60.54 on Friday. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. The company has a market capitalization of $6.51 billion, a P/E ratio of 163.63, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The company has a 50-day simple moving average of $58.69 and a 200 day simple moving average of $77.72.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BLDR. Loop Capital downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a report on Monday, October 26th. BMO Capital Markets restated a “market perform” rating and set a $80.00 price objective on shares of Builders FirstSource in a research note on Thursday, August 6th. Robert W. Baird set a $75.00 price objective on Builders FirstSource in a report on Friday, July 31st. William Blair downgraded Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Builders FirstSource in a report on Monday, October 19th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.