Parnassus Investments LLC Takes $13.49 Million Position in Builders FirstSource, Inc. $BLDR

Key Points

• Parnassus Investments LLC has acquired a new stake in Builders FirstSource, purchasing 107,970 shares for approximately $13.49 million, raising its ownership to 0.10% of the company.
• Builders FirstSource reported $2.38 earnings per share for the last quarter, surpassing analysts' expectations, with revenue of $4.23 billion, although down 5% year-over-year.
• Institutional investors and hedge funds own 95.53% of Builders FirstSource's stock, indicating strong backing from major financial entities.

Parnassus Investments LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 107,970 shares of the company's stock, valued at approximately $13,490,000. Parnassus Investments LLC owned 0.10% of Builders FirstSource as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BLDR. Integrated Wealth Concepts LLC grew its position in shares of Builders FirstSource by 4.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,165 shares of the company's stock valued at $452,000 after purchasing an additional 126 shares during the period. Northern Trust Corp grew its position in shares of Builders FirstSource by 10.2% in the fourth quarter. Northern Trust Corp now owns 1,139,775 shares of the company's stock valued at $162,908,000 after purchasing an additional 105,158 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Builders FirstSource by 7.1% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,724 shares of the company's stock valued at $532,000 after purchasing an additional 248 shares during the period. Aristeia Capital L.L.C. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $441,000. Finally, Aptus Capital Advisors LLC grew its position in shares of Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $138.73 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 14.84 and a beta of 1.68. The company's 50-day moving average is $130.85 and its two-hundred day moving average is $125.30. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14.

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, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource's revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BLDR shares. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday. Stephens lowered their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. UBS Group lowered their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus price target of $154.44.

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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