New York State Teachers Retirement System Has $12 Million Stake in Builders FirstSource, Inc. $BLDR

Key Points

• The New York State Teachers Retirement System reduced its stake in Builders FirstSource, Inc. by 11.2%, now owning approximately 102,854 shares worth $12 million.
• Builders FirstSource has recently reported earnings per share of $2.38, slightly exceeding analyst expectations, despite a 5% decline in revenue year-over-year.
• Current market analysts show mixed ratings for Builders FirstSource, with a consensus rating of "Hold" and a price target averaging $147.29.

New York State Teachers Retirement System trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,854 shares of the company's stock after selling 13,032 shares during the period. New York State Teachers Retirement System owned 0.09% of Builders FirstSource worth $12,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Triton Wealth Management PLLC acquired a new stake in shares of Builders FirstSource in the second quarter valued at approximately $400,000. J.Safra Asset Management Corp increased its stake in Builders FirstSource by 24.0% in the second quarter. J.Safra Asset Management Corp now owns 7,095 shares of the company's stock valued at $830,000 after acquiring an additional 1,372 shares during the last quarter. Moran Wealth Management LLC increased its stake in Builders FirstSource by 14.6% in the second quarter. Moran Wealth Management LLC now owns 35,076 shares of the company's stock valued at $4,093,000 after acquiring an additional 4,472 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Builders FirstSource by 12.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 80,969 shares of the company's stock valued at $10,276,000 after acquiring an additional 8,904 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in Builders FirstSource by 12.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,648 shares of the company's stock valued at $309,000 after acquiring an additional 301 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $122.75 on Friday. The firm's fifty day moving average price is $132.70 and its two-hundred day moving average price is $124.05. The stock has a market cap of $13.57 billion, a PE ratio of 18.63, a PEG ratio of 13.72 and a beta of 1.62. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $196.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its 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 firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BLDR. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $132.00 to $129.00 in a research note on Friday, August 1st. DA Davidson decreased their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Wedbush reissued a "neutral" rating and issued a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. Finally, Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Hold" and a consensus price target of $147.29.

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.

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