FARMERS & MERCHANTS TRUST Co OF LONG BEACH Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired 18,489 shares of Builders FirstSource in the third quarter, valued at approximately $1.05 million. Institutional investors collectively own 95.53% of the company.
• Analyst sentiment is mixed, with eight Buy, fourteen Hold and two Sell ratings; the stock carries an average rating of “Hold” and an average price target of $82.25.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue of $3.86 billion declined 8.8% year over year and also fell short of expectations.

FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,489 shares of the company's stock, valued at approximately $1,054,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC raised its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after buying an additional 113 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Builders FirstSource by 5.3% during the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock worth $262,000 after acquiring an additional 147 shares during the last quarter. Private Advisor Group LLC grew its holdings in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after purchasing an additional 162 shares during the period. Altshuler Shaham Ltd lifted its holdings in Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its holdings in shares of Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock worth $290,000 after purchasing an additional 180 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on BLDR. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research report on Friday, September 18th. Melius Research began coverage on shares of Builders FirstSource in a research note on Tuesday, October 6th. They issued a "sell" rating and a $52.00 price target on the stock. BMO Capital Markets restated a "market perform" rating and set a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Benchmark decreased 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. Finally, Royal Bank Of Canada reduced their target price on Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Hold" and an average target price of $82.25.

Builders FirstSource Stock Performance

NYSE BLDR opened at $57.49 on Friday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 63.18, a PEG ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The business's 50 day moving average is $60.60 and its two-hundred day moving average is $71.91. 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 (NYSE:BLDR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%. During the same period in the previous year, the business posted $2.38 earnings per share. The firm's quarterly revenue was down 8.8% on a year-over-year basis. Research analysts expect 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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