Bryn Mawr Trust Advisors LLC Buys New Stake in Builders FirstSource, Inc. $BLDR

Bryn Mawr Trust Advisors LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The institutional investor bought 8,017 shares of the company’s stock, valued at approximately $457,000.

A number of other large investors also recently added to or reduced their stakes in BLDR. Clark Wealth Partners purchased a new position in shares of Builders FirstSource during the third quarter worth $27,000. PFS Partners LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at $28,000. Sunbelt Securities Inc. lifted its stake in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Sunrise Financial Services LLC acquired a new position in Builders FirstSource during the 3rd quarter worth about $32,000. Finally, Barrett & Company Inc. acquired a new position in Builders FirstSource during the 3rd quarter worth about $33,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

BLDR stock opened at $62.97 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The firm has a market capitalization of $6.78 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.75 and a beta of 1.41. The business’s 50-day moving average is $58.83 and its two-hundred day moving average is $78.60. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $1.88 EPS. The firm’s revenue was down 2.2% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on BLDR shares. Stifel Nicolaus lifted their target price on Builders FirstSource from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 2nd. Truist Financial increased their price target on shares of Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Benchmark lowered their price objective on shares of Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Citigroup reissued a “market perform” rating on shares of Builders FirstSource in a research note on Thursday, October 8th. Finally, Melius Research initiated coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $75.55.

Builders FirstSource Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.