Rockbridge Capital Management LLC Acquires 8,298 Shares of Builders FirstSource, Inc. $BLDR

Rockbridge Capital Management LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 29.2% in the second quarter, HoldingsChannel reports. The firm owned 36,686 shares of the company’s stock after buying an additional 8,298 shares during the period. Builders FirstSource makes up 2.4% of Rockbridge Capital Management LLC’s portfolio, making the stock its 15th largest position. Rockbridge Capital Management LLC’s holdings in Builders FirstSource were worth $4,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in Builders FirstSource during the first quarter worth about $31,000. CX Institutional bought a new position in Builders FirstSource during the first quarter worth about $45,000. Mather Group LLC. boosted its holdings in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after acquiring an additional 98 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after acquiring an additional 109 shares during the period. Finally, New Age Alpha Advisors LLC boosted its holdings in shares of Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 1.4%

NYSE BLDR opened at $126.32 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53. The company has a 50 day moving average of $133.06 and a 200-day moving average of $124.13. The company has a market cap of $13.96 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 14.34 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $3.50 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BLDR. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Barclays reduced their price objective on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. KeyCorp set a $145.00 price objective on Builders FirstSource in a report on Wednesday, October 1st. Finally, Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the stock an “outperform” rating in a report on Thursday, July 10th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.