20,766 Shares in Builders FirstSource, Inc. $BLDR Bought by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,766 shares of the company’s stock, valued at approximately $1,184,000.

Several other large investors have also recently bought and sold shares of BLDR. BlackRock Inc. bought a new position in Builders FirstSource in the second quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Builders FirstSource in the 2nd quarter valued at approximately $134,908,000. Daily Journal Corp purchased a new stake in Builders FirstSource in the third quarter worth approximately $80,555,000. Bank of America Corp DE purchased a new stake in Builders FirstSource during the second quarter valued at approximately $83,832,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $48,738,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

BLDR traded down $3.08 during trading on Friday, hitting $62.42. The company’s stock had a trading volume of 2,438,293 shares, compared to its average volume of 2,799,644. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 168.72, a P/E/G ratio of 2.11 and a beta of 1.41. The business’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $79.21. 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 twelve month low of $49.67 and a twelve month high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate 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 net margin of 0.28% and a return on equity of 10.77%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $1.88 earnings per share. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Finally, KeyCorp cut their target price on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Seven 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, the stock currently has a consensus rating of “Hold” and an average target price of $75.55.

About Builders FirstSource

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.