Cullen Frost Bankers Inc. Grows Stock Holdings in Builders FirstSource, Inc. $BLDR

Cullen Frost Bankers Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 19.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 53,241 shares of the company’s stock after buying an additional 8,680 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Builders FirstSource were worth $6,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new stake in Builders FirstSource in the second quarter worth $38,000. MUFG Securities EMEA plc bought a new position in Builders FirstSource in the 2nd quarter worth about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Builders FirstSource during the 3rd quarter valued at about $44,000. Root Financial Partners LLC bought a new stake in Builders FirstSource during the 3rd quarter valued at about $47,000. Finally, Mather Group LLC. purchased a new position in Builders FirstSource in the third quarter worth about $48,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $122.38 on Monday. The firm has a market capitalization of $13.53 billion, a P/E ratio of 23.31, a PEG ratio of 14.87 and a beta of 1.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. Builders FirstSource, Inc. has a one year low of $94.35 and a one year high of $175.12. The business has a fifty day moving average of $110.15 and a 200 day moving average of $121.80.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $3.07 earnings per share. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. UBS Group cut their target price on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. The Goldman Sachs Group boosted their price target on Builders FirstSource from $146.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday. Finally, Robert W. Baird set a $135.00 target price on Builders FirstSource in a research report on Friday, October 31st. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $133.87.

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.