10,928 Builders FirstSource, Inc. $BLDR Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 83.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,100 shares of the company’s stock after acquiring an additional 10,928 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Builders FirstSource were worth $1,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. BlackRock Inc. purchased a new stake in Builders FirstSource in the second quarter valued at $700,934,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Builders FirstSource during the second quarter worth about $134,908,000. Bank of America Corp DE purchased a new position in shares of Builders FirstSource during the second quarter worth about $83,832,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Builders FirstSource during the third quarter worth about $48,738,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Builders FirstSource during the second quarter worth about $73,935,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 0.2%

Shares of NYSE:BLDR opened at $62.42 on Monday. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.85 and a quick ratio of 1.14. The stock has a market cap of $6.72 billion, a P/E ratio of 168.72, a P/E/G ratio of 1.74 and a beta of 1.41. The firm has a fifty day moving average price of $58.94 and a 200 day moving average price of $79.21.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period in the previous year, the business posted $1.88 earnings per share. Builders FirstSource’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on BLDR shares. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Truist Financial raised their price target on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 30th. Melius Research assumed coverage on Builders FirstSource in a research note on Tuesday, October 6th. They set a “sell” rating and a $52.00 price target on the stock. Barclays cut their price target on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Finally, DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and an average price target of $75.55.

Builders FirstSource Profile