VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.86 Million in Builders FirstSource, Inc. $BLDR

Key Points

• VIRGINIA RETIREMENT SYSTEMS ET Al invested approximately $1.86 million in Builders FirstSource, acquiring 15,900 shares during the second quarter.
• Builders FirstSource reported $2.38 EPS for the last quarter, exceeding expectations, although revenue decreased 5% year-over-year.
• The stock currently holds a market capitalization of $13.90 billion and has seen various institutional investors increase their stakes in the company.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,900 shares of the company's stock, valued at approximately $1,855,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. raised its position in Builders FirstSource by 11.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 44,624 shares of the company's stock valued at $5,207,000 after purchasing an additional 4,471 shares during the last quarter. Nordea Investment Management AB raised its position in Builders FirstSource by 7.6% in the 2nd quarter. Nordea Investment Management AB now owns 11,541 shares of the company's stock valued at $1,347,000 after purchasing an additional 819 shares during the last quarter. Rockbridge Capital Management LLC raised its position in Builders FirstSource by 29.2% in the 2nd quarter. Rockbridge Capital Management LLC now owns 36,686 shares of the company's stock valued at $4,281,000 after purchasing an additional 8,298 shares during the last quarter. Bridges Investment Management Inc. raised its position in Builders FirstSource by 15.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 14,439 shares of the company's stock valued at $1,685,000 after purchasing an additional 1,927 shares during the last quarter. Finally, Triton Wealth Management PLLC purchased a new stake in Builders FirstSource in the 2nd quarter valued at $400,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR opened at $125.75 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The stock has a market capitalization of $13.90 billion, a P/E ratio of 19.08, a P/E/G ratio of 13.71 and a beta of 1.62. The company's fifty day moving average is $132.33 and its two-hundred day moving average is $124.08. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $194.36.

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 (EPS) 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 analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on BLDR shares. KeyCorp set a $145.00 price target on shares of Builders FirstSource in a research report on Wednesday, October 1st. Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Finally, 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. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $145.19.

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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