Fifth Third Bancorp Raises Holdings in Builders FirstSource, Inc. $BLDR

Fifth Third Bancorp grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 21.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,110 shares of the company’s stock after buying an additional 377 shares during the period. Fifth Third Bancorp’s holdings in Builders FirstSource were worth $246,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the period. Invesco Ltd. raised its stake in shares of Builders FirstSource by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after purchasing an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. raised its stake in shares of Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after purchasing an additional 326,923 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after purchasing an additional 6,453 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after purchasing an additional 423,891 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Finally, Wedbush restated a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $151.88.

Builders FirstSource Trading Up 1.3%

Shares of BLDR stock opened at $121.16 on Wednesday. The stock has a market capitalization of $13.39 billion, a PE ratio of 18.39, a P/E/G ratio of 12.71 and a beta of 1.61. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53. The business has a 50-day moving average of $134.21 and a 200 day moving average of $124.24. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.