Builders FirstSource, Inc. $BLDR Stock: Danske Bank A S Raises Holdings

Key Points

• Danske Bank increased its Builders FirstSource stake by 1,959,327 shares in the third quarter, ending with 1,959,328 shares worth about $111.7 million, or 1.82% of the company.
• Quarterly results beat estimates: Builders FirstSource reported EPS of $1.51 versus $1.06 expected and revenue of $3.85 billion versus $3.75 billion expected. Revenue nevertheless fell 2.2% year over year.
• Analysts have a consensus Hold rating and an average price target of $75.55; shares were trading at $60.54 in the article.

Danske Bank A S raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 195,932,700.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,959,328 shares of the company's stock after acquiring an additional 1,959,327 shares during the period. Danske Bank A S owned approximately 1.82% of Builders FirstSource worth $111,701,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Clark Wealth Partners bought a new position in shares of Builders FirstSource during the third quarter worth approximately $27,000. PFS Partners LLC bought a new stake in Builders FirstSource in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. boosted its stake 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 purchasing an additional 300 shares during the period. Sunrise Financial Services LLC acquired a new position in Builders FirstSource in the 3rd quarter valued at $32,000. Finally, Barrett & Company Inc. acquired a new position in Builders FirstSource in the 3rd quarter valued at $33,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR traded up $0.42 during trading hours on Friday, hitting $60.54. 1,473,633 shares of the company were exchanged, compared to its average volume of 2,758,191. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 163.63, a P/E/G ratio of 1.60 and a beta of 1.41. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The firm's fifty day moving average is $58.69 and its 200 day moving average is $77.72.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $3.75 billion. During the same quarter last year, the business earned $1.88 earnings per share. Builders FirstSource's revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Oppenheimer lowered their price objective on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, October 16th. Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a research report on Friday, July 31st. Deutsche Bank set a $66.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. BMO Capital Markets restated a "market perform" rating and issued a $80.00 price target on shares of Builders FirstSource in a research note on Thursday, August 6th. Finally, William Blair lowered shares of Builders FirstSource from an "outperform" rating to a "market perform" rating in a research report on Thursday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $75.55.

About Builders FirstSource

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.

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