Builders FirstSource, Inc. $BLDR Holdings Lifted by Greatmark Investment Partners Inc.

Key Points

• Greatmark Investment Partners Inc. significantly increased its holdings in Builders FirstSource by 403.6% during the second quarter, now owning 30,544 shares worth $3,564,000.
• Builders FirstSource stock rose by 2.7%, with a market capitalization of $13.90 billion and a P/E ratio of 19.08.
• The company reported $2.38 earnings per share for the last quarter, exceeding analysts' estimates of $2.35, despite a 5.0% decrease in revenue compared to the same quarter last year.

Greatmark Investment Partners Inc. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 403.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,544 shares of the company's stock after acquiring an additional 24,479 shares during the quarter. Greatmark Investment Partners Inc.'s holdings in Builders FirstSource were worth $3,564,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Builders FirstSource by 42.6% during the first 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 last quarter. Invesco Ltd. increased its holdings in shares of Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock valued at $314,781,000 after buying an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after buying an additional 326,923 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 6,453 shares during the last quarter. Finally, Voya Investment Management LLC boosted 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 worth $229,809,000 after acquiring an additional 423,891 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 2.7%

Builders FirstSource stock opened at $125.75 on Wednesday. The company has a market capitalization of $13.90 billion, a P/E ratio of 19.08, a P/E/G ratio of 13.71 and a beta of 1.62. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $194.36. The firm's fifty day simple moving average is $132.33 and its 200-day simple moving average is $124.08. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BLDR shares. KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. Vertical Research began coverage on Builders FirstSource in a research note on Monday. They issued a "sell" rating and a $109.41 price target on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, DA Davidson dropped their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $145.19.

Builders FirstSource Company 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.

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