Builders FirstSource, Inc. $BLDR Stock: Keybank National Association OH Raises Stake

Key Points

• Keybank National Association OH increased its Builders FirstSource stake by 19,306.5% in the third quarter, to 1.79 million shares valued at about $102.1 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Analysts have a consensus “Hold” rating on BLDR, with an average price target of $75.55; seven rate it Buy, 16 Hold, and two Sell.
• Builders FirstSource beat quarterly earnings and revenue expectations, reporting $1.51 in earnings per share and $3.85 billion in revenue. Revenue nevertheless declined 2.2% year over year, and the stock was reported down 4.6%.

Keybank National Association OH lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 19,306.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,791,411 shares of the company's stock after acquiring an additional 1,782,180 shares during the quarter. Keybank National Association OH owned approximately 1.66% of Builders FirstSource worth $102,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter valued at approximately $700,934,000. Pictet Asset Management Holding SA increased its position in 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 purchasing an additional 613,087 shares during the period. M&G PLC acquired a new stake in Builders FirstSource during the 3rd quarter valued at approximately $226,250,000. Dimensional Fund Advisors LP raised its holdings in Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company's stock worth $244,301,000 after purchasing an additional 325,935 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. bought a new position in Builders FirstSource during the 3rd quarter worth approximately $108,298,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLDR has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. BMO Capital Markets reiterated a "market perform" rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Barclays decreased their price objective on shares of Builders FirstSource from $81.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Zacks Research raised shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, UBS Group dropped their target price on shares of Builders FirstSource from $88.00 to $75.00 and set a "buy" rating on the stock in a 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 has a consensus rating of "Hold" and an average target price of $75.55.

Builders FirstSource Stock Down 4.6%

Shares of Builders FirstSource stock opened at $62.97 on Wednesday. The stock's 50-day moving average is $58.83 and its 200 day moving average is $78.60. Builders FirstSource, Inc. has a one year low of $49.67 and a one year high of $131.50. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 170.19, a PEG ratio of 1.75 and a beta of 1.41. 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 issued its 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 business had revenue of $3.85 billion during 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 firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. Equities research analysts anticipate that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Builders FirstSource Company 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.

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