Rockbridge Capital Management LLC Has $4.28 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Rockbridge Capital Management LLC increased its holdings in Builders FirstSource, Inc. by 29.2% during the 2nd quarter, now owning 36,686 shares valued at approximately $4.28 million.
• Builders FirstSource reported $2.38 earnings per share for the last quarter, beating expectations, although revenue decreased by 5.0% year-over-year.
• According to analysts, Builders FirstSource has a consensus rating of "Hold" with an average target price of $147.29.

Rockbridge Capital Management LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,686 shares of the company's stock after buying an additional 8,298 shares during the quarter. Builders FirstSource makes up approximately 2.4% of Rockbridge Capital Management LLC's holdings, making the stock its 15th largest holding. Rockbridge Capital Management LLC's holdings in Builders FirstSource were worth $4,281,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Auxano Advisors LLC raised its stake in Builders FirstSource by 3.8% during the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock worth $310,000 after buying an additional 91 shares during the period. Mather Group LLC. increased its holdings in Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators increased its holdings in Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after purchasing an additional 99 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after purchasing an additional 109 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in Builders FirstSource by 5.5% during the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock worth $275,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $126.32 on Thursday. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 14.34 and a beta of 1.62. The business has a 50-day moving average of $133.06 and a 200-day moving average of $124.13. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data 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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the company earned $3.50 EPS. Builders FirstSource's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Wedbush reiterated a "neutral" rating and set a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. Finally, Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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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