First Financial Bankshares Inc Takes Position in Builders FirstSource, Inc. $BLDR

First Financial Bankshares Inc bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,821 shares of the company’s stock, valued at approximately $706,000.

Several other institutional investors also recently bought and sold shares of the stock. Tran Capital Management L.P. grew its position in Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company’s stock valued at $12,386,000 after buying an additional 98,783 shares during the period. Strs Ohio boosted its stake in shares of Builders FirstSource by 24.0% during the 3rd quarter. Strs Ohio now owns 118,594 shares of the company’s stock worth $14,380,000 after acquiring an additional 22,926 shares in the last quarter. M&G PLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $9,002,000. Vise Technologies Inc. purchased a new position in shares of Builders FirstSource in the 2nd quarter valued at about $2,482,000. Finally, Seizert Capital Partners LLC raised its holdings in Builders FirstSource by 0.9% in the 2nd quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company’s stock worth $35,123,000 after purchasing an additional 2,799 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BLDR. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $150.00 to $142.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Robert W. Baird cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. UBS Group reduced their price objective on shares of Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Benchmark dropped their target price on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, DA Davidson reduced their price target on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus target price of $127.39.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $109.77 on Wednesday. The company has a fifty day simple moving average of $114.89 and a 200-day simple moving average of $119.77. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 1.76 and a beta of 1.56. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.18). The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.46 billion. Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The business’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.31 earnings per share. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource 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.