South Dakota Investment Council Increases Stake in Builders FirstSource, Inc. $BLDR

South Dakota Investment Council grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 50.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,501 shares of the company’s stock after buying an additional 6,876 shares during the quarter. South Dakota Investment Council’s holdings in Builders FirstSource were worth $2,392,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after buying an additional 960,603 shares during the period. Invesco Ltd. boosted its stake in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after buying an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after buying an additional 326,923 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after buying an additional 6,453 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after buying an additional 423,891 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. DA Davidson cut their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Vertical Research assumed coverage on Builders FirstSource in a research report on Monday, October 20th. They set a “sell” rating and a $109.41 target price on the stock. Robert W. Baird set a $135.00 target price on Builders FirstSource in a research report on Friday. Finally, Wedbush reissued a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $138.69.

Builders FirstSource Trading Down 2.9%

BLDR opened at $112.82 on Tuesday. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 12.90 and a beta of 1.62. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36. The business’s 50 day moving average is $128.79 and its two-hundred day moving average is $124.17. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.