Cullen Frost Bankers Inc. Acquires 8,680 Shares of Builders FirstSource, Inc. $BLDR

Cullen Frost Bankers Inc. increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,241 shares of the company’s stock after purchasing an additional 8,680 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Builders FirstSource were worth $6,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc bought a new stake in Builders FirstSource in the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Builders FirstSource in the third quarter valued at approximately $44,000. Root Financial Partners LLC purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $47,000. Finally, Mather Group LLC. bought a new position in shares of Builders FirstSource in the third quarter worth approximately $48,000. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. DA Davidson dropped their price target on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday. Stifel Nicolaus lowered their price target on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Robert W. Baird set a $135.00 price objective on Builders FirstSource in a research report on Friday, October 31st. Finally, Benchmark upped their target price on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average target price of $133.87.

Builders FirstSource Trading Down 2.3%

NYSE BLDR opened at $122.38 on Monday. The firm has a market capitalization of $13.53 billion, a PE ratio of 23.31, a P/E/G ratio of 14.87 and a beta of 1.57. The stock’s 50 day moving average is $110.15 and its 200 day moving average is $121.80. Builders FirstSource, Inc. has a twelve month low of $94.35 and a twelve month high of $175.12. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the company earned $3.07 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.