Culbertson A N & Co. Inc. Makes New $4.84 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Culbertson A N & Co. Inc. purchased 84,908 shares of Builders FirstSource during the third quarter, worth approximately $4.84 million and representing about 0.08% of the company. Institutional investors collectively own 95.53% of BLDR.
• Analyst sentiment remains mixed but leans toward caution: BLDR has a consensus “Hold” rating and an average price target of $82.25, while Oppenheimer recently cut its target to $78 from $90.
• Builders FirstSource opened at $57.49, well below its 12-month high of $131.50. Its latest quarterly results missed estimates, with earnings of $1.17 per share versus $1.25 expected and revenue down 8.8% year over year.

Culbertson A N & Co. Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,908 shares of the company's stock, valued at approximately $4,841,000. Culbertson A N & Co. Inc. owned approximately 0.08% of Builders FirstSource at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBT Bank N.A. bought a new stake in shares of Builders FirstSource in the 3rd quarter worth approximately $1,760,000. Root Financial Partners LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $622,000. Trust Co of the South acquired a new stake in Builders FirstSource during the third quarter worth about $795,000. Investment House LLC grew its holdings in shares of Builders FirstSource by 97.7% during the 3rd quarter. Investment House LLC now owns 147,460 shares of the company's stock worth $8,407,000 after purchasing an additional 72,860 shares during the period. Finally, Cadinha & Co. LLC purchased a new stake in Builders FirstSource in the third quarter valued at approximately $1,357,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

BLDR has been the subject of several recent research reports. Zacks Research upgraded Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Citizens Jmp began coverage on shares of Builders FirstSource in a report on Friday, August 21st. They set a "market perform" rating on the stock. Oppenheimer lowered their price target on shares of Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating on the stock in a research report on Friday, October 16th. Finally, Robert W. Baird set a $75.00 price objective on Builders FirstSource in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and a consensus target price of $82.25.

Builders FirstSource Stock Performance

BLDR stock opened at $57.49 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock's 50 day simple moving average is $60.60 and its 200 day simple moving average is $71.91. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market cap of $6.19 billion, a P/E ratio of 63.18, a P/E/G ratio of 1.76 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share 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 business's quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $2.38 EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.10 EPS for the current year.

Builders FirstSource Company Profile

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.

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