Farmers & Merchants Investments Inc. Buys 144,410 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Farmers & Merchants Investments increased its Builders FirstSource stake by 144,410 shares, bringing its holdings to 144,485 shares valued at approximately $8.24 million. Institutional investors collectively own 95.53% of BLDR.
• Analyst sentiment is mixed, with eight Buy, fourteen Hold and two Sell ratings; the stock has an average rating of Hold and an average price target of $82.25.
• Builders FirstSource reported weaker-than-expected quarterly results, with $1.17 EPS and $3.86 billion in revenue, while revenue fell 8.8% year over year. Shares opened at $56.88, well below the 200-day moving average of $71.80.

Farmers & Merchants Investments Inc. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 192,546.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,485 shares of the company's stock after acquiring an additional 144,410 shares during the period. Farmers & Merchants Investments Inc. owned about 0.13% of Builders FirstSource worth $8,237,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. BlackRock Inc. purchased a new position in Builders FirstSource in the second quarter valued at approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Builders FirstSource during the second quarter worth $134,908,000. Bank of America Corp DE purchased a new position in Builders FirstSource during the second quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Builders FirstSource during the third quarter worth $48,738,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at approximately $73,935,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of analyst reports. BMO Capital Markets restated a "market perform" rating and set a $80.00 target price on shares of Builders FirstSource in a research report on Thursday, August 6th. Benchmark dropped their price objective on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. William Blair downgraded Builders FirstSource from an "outperform" rating to a "market perform" rating in a report on Thursday. UBS Group set a $85.00 price target on shares of Builders FirstSource in a research report on Thursday, October 1st. Finally, DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of "Hold" and an average target price of $82.25.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR opened at $56.88 on Friday. The business has a fifty day moving average of $60.29 and a 200-day moving average of $71.80. The firm has a market cap of $6.12 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79.

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 the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the company earned $2.38 EPS. The firm's quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal 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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