Builders FirstSource, Inc. $BLDR Shares Purchased by Strs Ohio

Strs Ohio grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 24.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,594 shares of the company’s stock after acquiring an additional 22,926 shares during the quarter. Strs Ohio owned about 0.11% of Builders FirstSource worth $14,380,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter worth about $38,000. MUFG Securities EMEA plc acquired a new position in Builders FirstSource during the second quarter valued at approximately $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Builders FirstSource during the third quarter worth approximately $44,000. Root Financial Partners LLC acquired a new stake in shares of Builders FirstSource in the third quarter worth $47,000. Finally, Mather Group LLC. acquired a new stake in shares of Builders FirstSource in the third quarter worth $48,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $122.38 on Monday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $175.12. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03. The stock has a market cap of $13.53 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 14.87 and a beta of 1.57. The stock has a 50 day moving average of $110.15 and a 200-day moving average of $121.80.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BLDR shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $111.00 price target on shares of Builders FirstSource in a research report on Friday, January 9th. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Loop Capital lowered their target price on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft dropped their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, DA Davidson decreased their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.