Van Strum & Towne Inc. Makes New Investment in Builders FirstSource, Inc. $BLDR

Van Strum & Towne Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,575 shares of the company’s stock, valued at approximately $546,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Builders FirstSource in the second quarter worth about $700,934,000. Pictet Asset Management Holding SA grew its position in shares of Builders FirstSource by 16.1% during the 3rd quarter. Pictet Asset Management Holding SA now owns 4,414,163 shares of the company’s stock valued at $251,651,000 after acquiring an additional 613,087 shares during the period. M&G PLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $226,250,000. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 12.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock valued at $244,301,000 after acquiring an additional 325,935 shares during the period. Finally, Beutel Goodman & Co Ltd. purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $108,298,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $60.16 on Friday. The firm’s 50 day moving average is $58.76 and its 200 day moving average is $78.00. The stock has a market capitalization of $6.47 billion, a P/E ratio of 162.60, a PEG ratio of 1.66 and a beta of 1.41. Builders FirstSource, Inc. has a 12 month low of $49.67 and a 12 month high of $131.50. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business earned $1.88 EPS. Builders FirstSource’s revenue was down 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BLDR. Citigroup reaffirmed a “market perform” rating on shares of Builders FirstSource in a report on Thursday, October 8th. Citizens Jmp assumed coverage on Builders FirstSource in a report on Friday, August 21st. They set a “market perform” rating for the company. KeyCorp decreased their target price on Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Melius Research initiated coverage on Builders FirstSource in a research note on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Builders FirstSource in a research report on Monday, October 19th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Company 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.