First Citizens Bank & Trust Co. Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• First Citizens Bank & Trust Co. acquired 56,449 shares of Builders FirstSource in the third quarter, valued at approximately $3.2 million. Institutional investors collectively own 95.53% of the company.
• Builders FirstSource reported quarterly EPS of $1.17, below the $1.25 consensus estimate, while revenue of $3.86 billion also missed expectations and declined 8.8% year over year.
• The stock opened at $50.46, near its 12-month low of $49.67. Analysts have a consensus “Hold” rating and an average price target of $84.50.

First Citizens Bank & Trust Co. acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,449 shares of the company's stock, valued at approximately $3,218,000. First Citizens Bank & Trust Co. owned approximately 0.05% of Builders FirstSource as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Focus Financial Network Inc. acquired a new stake in Builders FirstSource in the third quarter valued at approximately $2,755,000. Roberts Wealth Advisors LLC acquired a new position in shares of Builders FirstSource during the third quarter worth $271,000. Virginia Estate & Retirement Planning Advisors Inc. acquired a new position in shares of Builders FirstSource during the third quarter worth $34,000. MFA Wealth Services purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at $898,000. Finally, XY Planning Network Inc. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at $378,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $50.46 on Thursday. The business has a 50-day moving average of $62.87 and a 200 day moving average of $73.00. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.45. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business's revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 earnings per share. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 3.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark cut their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Zacks Research raised Builders FirstSource from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. UBS Group set a $85.00 price target on Builders FirstSource in a research note on Thursday, October 1st. Citizens Jmp started coverage on Builders FirstSource in a report on Friday, August 21st. They issued a "market perform" rating on the stock. Finally, Royal Bank Of Canada reduced their price objective on Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Hold" and a consensus target price of $84.50.

Builders FirstSource 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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