Farther Finance Advisors LLC Purchases 14,276 Shares of Builders FirstSource, Inc. $BLDR

Farther Finance Advisors LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 148.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,873 shares of the company’s stock after acquiring an additional 14,276 shares during the quarter. Farther Finance Advisors LLC’s holdings in Builders FirstSource were worth $2,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BLDR. Woodline Partners LP bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $988,000. Waverly Advisors LLC bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $371,000. Focus Partners Advisor Solutions LLC increased its stake in shares of Builders FirstSource by 78.3% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 2,410 shares of the company’s stock valued at $344,000 after acquiring an additional 1,058 shares during the last quarter. GTS Securities LLC increased its stake in shares of Builders FirstSource by 136.5% in the 4th quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock valued at $368,000 after acquiring an additional 9,639 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Builders FirstSource by 13.0% in the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock valued at $6,417,000 after acquiring an additional 5,170 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BLDR. Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Finally, Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus price target of $151.88.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $123.98 on Monday. The business’s 50-day moving average price is $135.18 and its 200-day moving average price is $124.70. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.79. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 13.15 and a beta of 1.61. 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 (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts forecast 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.