J2 Capital Management Inc Invests $340,000 in Builders FirstSource, Inc. $BLDR

Key Points

• J2 Capital Management Inc has made a significant investment of $340,000 in Builders FirstSource, acquiring 2,916 shares during the second quarter.
• As of recent reports, 95.53% of Builders FirstSource's stock is owned by institutional investors and hedge funds, indicating strong institutional interest.
• Analysts have varied opinions on Builders FirstSource, with an average rating of "Moderate Buy" and a price target around $151.50, reflecting mixed market sentiment.

J2 Capital Management Inc bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,916 shares of the company's stock, valued at approximately $340,000.

Other institutional investors also recently modified their holdings of the company. IMA Advisory Services Inc. acquired a new position in shares of Builders FirstSource during the first quarter worth approximately $31,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource during the first quarter worth approximately $40,000. CX Institutional acquired a new position in shares of Builders FirstSource during the first quarter worth approximately $45,000. Mather Group LLC. raised its position in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after purchasing an additional 109 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Stifel Nicolaus increased their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and an average price target of $151.50.

Builders FirstSource Trading Up 4.7%

NYSE BLDR opened at $126.90 on Thursday. The firm has a market capitalization of $14.03 billion, a P/E ratio of 19.26, a PEG ratio of 12.89 and a beta of 1.63. The business has a fifty day simple moving average of $134.05 and a 200 day simple moving average of $124.26. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.53. 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 earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm posted $3.50 EPS. The business's revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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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