Crossmark Global Holdings Inc. Acquires 513,411 Shares of Builders FirstSource, Inc. $BLDR

Crossmark Global Holdings Inc. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11,472.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 517,886 shares of the company’s stock after buying an additional 513,411 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Builders FirstSource were worth $29,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Income Insurance Ltd acquired a new position in Builders FirstSource during the 3rd quarter worth about $540,000. Sunrise Financial Services LLC acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $32,000. Arvest Investments Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $218,000. Arcataur Capital Management LLC increased its position in Builders FirstSource by 127.6% in the 3rd quarter. Arcataur Capital Management LLC now owns 5,406 shares of the company’s stock valued at $308,000 after acquiring an additional 3,031 shares in the last quarter. Finally, Hosking Partners LLP acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $25,615,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Down 0.8%

NYSE:BLDR opened at $53.51 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.09 and a current ratio of 1.79. The company has a market cap of $5.76 billion, a PE ratio of 58.80, a PEG ratio of 1.76 and a beta of 1.45. Builders FirstSource, Inc. has a 52-week low of $49.67 and a 52-week high of $131.50. The stock has a 50-day simple moving average of $60.92 and a 200 day simple moving average of $72.06.

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 analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.38 EPS. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Stifel Nicolaus set a $65.00 price objective on Builders FirstSource in a research report on Friday, September 18th. BMO Capital Markets reiterated a “market perform” rating and set a $80.00 price target on shares of Builders FirstSource in a research report on Thursday, August 6th. Oppenheimer decreased their price objective on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a research note on Friday, October 16th. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price objective on shares of Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $82.25.

About Builders FirstSource

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.