Builders FirstSource, Inc. $BLDR Shares Bought by Ashurst Perkins Coie Trust Co

Key Points

• Ashurst Perkins Coie Trust Co increased its Builders FirstSource stake by 4,196.9% in the third quarter, acquiring 60,099 additional shares for a total of 61,531 shares worth approximately $3.5 million.
• Institutional investors own 95.53% of BLDR, with major firms including BlackRock, Dimensional Fund Advisors and Pictet Asset Management holding significant positions.
• Builders FirstSource recently missed quarterly earnings and revenue estimates, while its stock traded near its 12-month low. Analysts maintain a consensus “Hold” rating with an average price target of $84.50.

Ashurst Perkins Coie Trust Co increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4,196.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,531 shares of the company's stock after purchasing an additional 60,099 shares during the period. Ashurst Perkins Coie Trust Co owned approximately 0.06% of Builders FirstSource worth $3,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Builders FirstSource during the second quarter worth about $700,934,000. Dimensional Fund Advisors LP boosted its stake 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 worth $244,301,000 after buying an additional 325,935 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Pictet Asset Management Holding SA grew its holdings in shares of 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 valued at $113,478,000 after purchasing an additional 588,987 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Builders FirstSource during the 2nd quarter valued at $83,832,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

BLDR stock opened at $50.46 on Thursday. The stock's 50 day simple moving average is $62.87 and its 200 day simple moving average is $73.00. 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, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The stock has a market capitalization of $5.43 billion, a PE ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company's revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.38 earnings per share. As a group, research analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BLDR. KeyCorp dropped their target price on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Benchmark cut their price target on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada dropped their target price on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating for the company in a report on Friday, July 31st. BMO Capital Markets reissued a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, Barclays dropped their price target on Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Hold" and an average target price of $84.50.

About Builders FirstSource

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

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