First Bank & Trust Makes New $1.16 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• First Bank & Trust bought 20,351 Builders FirstSource shares during the third quarter, valued at approximately $1.16 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported weaker quarterly results, with $1.17 in earnings per share and $3.86 billion in revenue, missing estimates and declining 8.8% year over year.
• Analyst sentiment remains mixed: the stock has an overall “Hold” rating, with a consensus price target of $83.54 versus a recent price of $54.74.

First Bank & Trust bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,351 shares of the company's stock, valued at approximately $1,160,000.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Builders FirstSource during the 2nd quarter worth $700,934,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Builders FirstSource in the second quarter valued at about $134,908,000. Bank of America Corp DE purchased a new stake in Builders FirstSource in the second quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new stake in Builders FirstSource in the third quarter worth about $48,738,000. Finally, Jupiter Topco LLC bought a new position in Builders FirstSource during the 2nd quarter worth about $73,935,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 0.2%

Shares of NYSE BLDR opened at $54.74 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The stock has a market capitalization of $5.89 billion, a P/E ratio of 60.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The business has a fifty day moving average price of $62.10 and a 200 day moving average price of $72.64.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $2.38 EPS. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BLDR shares. Benchmark cut their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Truist Financial dropped their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, October 8th. Zacks Research upgraded shares of Builders FirstSource from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.54.

Builders FirstSource Company Profile

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

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