Grange Capital LLC Acquires New Stake in Builders FirstSource, Inc. $BLDR

Grange Capital LLC bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,827 shares of the company’s stock, valued at approximately $1,380,000. Builders FirstSource accounts for about 1.4% of Grange Capital LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other large investors have also recently modified their holdings of BLDR. Wellington Management Group LLP lifted its holdings 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 worth $401,948,000 after buying an additional 960,603 shares during the period. Invesco Ltd. lifted its stake in Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock worth $314,781,000 after acquiring an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after acquiring an additional 326,923 shares during the period. Dimensional Fund Advisors LP grew its holdings in Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after acquiring an additional 6,453 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after purchasing an additional 423,891 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group dropped their price objective on shares of Builders FirstSource from $147.00 to $146.00 in a research note on Friday, October 31st. Barclays dropped their target price on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Stephens dropped their price objective on Builders FirstSource from $140.00 to $137.00 in a research report on Monday, November 3rd. Royal Bank Of Canada downgraded shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Stifel Nicolaus lowered their price target on shares of Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Trading Up 0.3%

Builders FirstSource stock opened at $109.36 on Monday. The stock has a 50-day moving average price of $126.31 and a 200 day moving average price of $124.00. The company has a market capitalization of $12.09 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36. 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 posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts anticipate 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.