29,865 Shares in Builders FirstSource, Inc. $BLDR Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,865 shares of the company’s stock, valued at approximately $2,672,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. BlackRock Inc. bought a new position in shares of Builders FirstSource in the second quarter worth approximately $700,934,000. State Street Corp raised its holdings in Builders FirstSource by 2.3% during the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after buying an additional 115,857 shares during the last quarter. Wellington Management Group LLP boosted its position in Builders FirstSource by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after buying an additional 73,835 shares during the period. Dimensional Fund Advisors LP grew its holdings in Builders FirstSource by 12.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,967,744 shares of the company’s stock worth $244,301,000 after acquiring an additional 325,935 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after acquiring an additional 14,420 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BLDR. Zacks Research cut Builders FirstSource from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft set a $66.00 price objective on Builders FirstSource in a report on Friday, July 31st. DA Davidson set a $68.00 target price on Builders FirstSource in a research note on Friday, July 31st. Stifel Nicolaus dropped their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Finally, Citizens Jmp started coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $90.35.

Builders FirstSource Stock Up 2.4%

BLDR stock opened at $65.74 on Friday. The business has a 50 day moving average of $73.05 and a 200 day moving average of $80.74. The firm has a market cap of $7.07 billion, a PE ratio of 72.24, a price-to-earnings-growth ratio of 2.14 and a beta of 1.41. Builders FirstSource, Inc. has a twelve month low of $62.31 and a twelve month high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the firm posted $2.38 earnings per share. On average, research analysts forecast that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.