13,082 Shares of Builders FirstSource, Inc. $BLDR Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel.com reports. The fund purchased 13,082 shares of the company’s stock, valued at approximately $746,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Builders FirstSource during the second quarter valued at approximately $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $134,908,000. Bank of America Corp DE purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $83,832,000. Fort Washington Investment Advisors Inc. OH bought a new position in Builders FirstSource in the 3rd quarter valued at $48,738,000. Finally, Jupiter Topco LLC bought a new position in Builders FirstSource in the 2nd quarter valued at $73,935,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $0.66 on Friday, hitting $56.88. 2,122,536 shares of the company traded hands, compared to its average volume of 2,361,329. The firm’s 50-day simple moving average is $60.29 and its 200 day simple moving average is $71.80. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.12 billion, a P/E ratio of 62.51, a P/E/G ratio of 1.91 and a beta of 1.45. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the firm posted $2.38 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of recent analyst reports. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Truist Financial dropped their price objective on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday. Wells Fargo & Company decreased their target price on Builders FirstSource from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Finally, DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and a consensus target price of $82.25.

Builders FirstSource 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.