22,022 Shares of Builders FirstSource, Inc. $BLDR Acquired by American State Bank Iowa

Key Points

• American State Bank Iowa acquired 22,022 Builders FirstSource shares in the third quarter, worth approximately $1.255 million.
• Institutional investors own 95.53% of the stock. Other notable investors, including Pictet Asset Management and Dimensional Fund Advisors, increased their holdings.
• Builders FirstSource beat quarterly EPS and revenue estimates, but revenue fell 2.2% year over year. Analysts’ consensus rating is Hold, with an average price target of $75.55.

American State Bank Iowa acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 22,022 shares of the company's stock, valued at approximately $1,255,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Builders FirstSource during the 2nd quarter worth approximately $700,934,000. Pictet Asset Management Holding SA raised its holdings in shares of Builders FirstSource by 16.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company's stock valued at $251,651,000 after buying an additional 613,087 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 12.3% during the 1st 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 acquired a new position in Builders FirstSource during the 2nd quarter worth approximately $134,908,000. Finally, Daily Journal Corp acquired a new position in Builders FirstSource during the 3rd quarter worth approximately $80,555,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 4.7%

BLDR stock opened at $62.42 on Friday. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The firm has a fifty day moving average price of $58.94 and a two-hundred day moving average price of $79.21. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly 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. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm posted $1.88 EPS. The company's revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BLDR shares. Barclays decreased their target price on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. BMO Capital Markets reaffirmed a "market perform" rating and set a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Oppenheimer decreased their price objective on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.