Public Employees Retirement System of Ohio Makes New $2.67 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Public Employees Retirement System of Ohio purchased 29,865 Builders FirstSource shares worth approximately $2.67 million in the second quarter. Institutional investors now own 95.53% of the company.
• Builders FirstSource reported quarterly earnings of $1.17 per share, missing estimates by $0.08, while revenue fell 8.8% year over year to $3.86 billion.
• BLDR opened at $65.74, well below its 52-week high of $151.03. Analysts maintain a consensus “Hold” rating with an average price target of $90.35.

Public Employees Retirement System of Ohio bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,865 shares of the company's stock, valued at approximately $2,672,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Littlejohn & Co. LLC purchased a new position in Builders FirstSource in the 2nd quarter valued at approximately $15,271,641. Hauser Brothers GmbH purchased a new stake in shares of Builders FirstSource during the second quarter worth $11,533,972. Proficio Capital Partners LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth $426,000. Transamerica Financial Advisors LLC purchased a new position in shares of Builders FirstSource in the second quarter valued at $69,000. Finally, Corient Private Wealth LP purchased a new position in shares of Builders FirstSource in the second quarter valued at $3,172,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 2.4%

BLDR opened at $65.74 on Friday. The stock has a market cap of $7.07 billion, a PE ratio of 72.24, a P/E/G ratio of 2.14 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 52 week low of $62.31 and a 52 week high of $151.03. The business's fifty day simple moving average is $73.05 and its 200 day simple moving average is $80.74.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The business had revenue of $3.86 billion for the quarter, compared to analysts' expectations of $3.91 billion. During the same period last year, the business posted $2.38 earnings per share. The company's revenue was down 8.8% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLDR shares. Oppenheimer dropped their price objective on Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating on the stock in a report on Friday, July 31st. Stifel Nicolaus decreased their price target on Builders FirstSource from $76.00 to $70.00 and set a "hold" rating on the stock in a research report on Thursday, July 23rd. UBS Group cut their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating for the company in a research report on Friday, July 31st. DA Davidson set a $68.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, Robert W. Baird set a $75.00 target price on shares of Builders FirstSource in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, Builders FirstSource has a consensus rating of "Hold" and an average target price of $90.35.

About Builders FirstSource

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.

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