NBT Bank N.A. Makes New Investment in Builders FirstSource, Inc. $BLDR

Key Points

• NBT Bank acquired 30,866 shares of Builders FirstSource in the third quarter, valued at approximately $1.76 million. Institutional investors and hedge funds collectively own 95.53% of the company.
• Builders FirstSource shares opened at $56.88, down 1.1%, and have fallen substantially from their 52-week high of $131.50. The company’s latest quarterly results missed expectations, with $1.17 in EPS and $3.86 billion in revenue, both below analyst estimates.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $82.25; recent firms have lowered their targets despite several maintaining Buy or Outperform ratings.

NBT Bank N.A. acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,866 shares of the company's stock, valued at approximately $1,760,000.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC boosted its stake in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Wedbush Securities Inc. increased its stake in shares of Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Builders FirstSource by 5.9% in the 1st 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 in the last quarter. Altshuler Shaham Ltd increased its stake in shares of Builders FirstSource by 2.4% in the 1st 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. raised its holdings in Builders FirstSource by 5.9% in the 2nd 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 period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Down 1.1%

Shares of NYSE BLDR opened at $56.88 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 62.51, a price-to-earnings-growth ratio of 1.91 and a beta of 1.45. The company's 50-day simple moving average is $60.29 and its 200-day simple moving average is $71.80. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50.

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 return on equity of 11.73% and a net margin of 0.71%. The company had revenue of $3.86 billion for 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 revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts predict that Builders FirstSource, Inc. will post 3.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. KeyCorp lowered their price target on Builders FirstSource from $100.00 to $91.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Oppenheimer cut their price objective on Builders FirstSource from $90.00 to $78.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. Wells Fargo & Company reduced their target price on Builders FirstSource from $63.00 to $55.00 and set an "equal weight" rating for the company in a research note on Friday, October 16th. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada decreased 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 analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $82.25.

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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