Freedom Investment Management Inc. Increases Stock Position in Builders FirstSource, Inc. $BLDR

Freedom Investment Management Inc. boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,549 shares of the company’s stock after acquiring an additional 1,088 shares during the period. Freedom Investment Management Inc.’s holdings in Builders FirstSource were worth $881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in Builders FirstSource by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after acquiring an additional 3,131 shares during the last quarter. Stephens Inc. AR lifted its position in Builders FirstSource by 42.5% in the first quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock valued at $368,000 after acquiring an additional 877 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Builders FirstSource by 41.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock valued at $945,000 after acquiring an additional 2,216 shares during the last quarter. Altus Wealth Group LLC lifted its position in Builders FirstSource by 11.2% in the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock valued at $5,625,000 after acquiring an additional 4,549 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in Builders FirstSource by 54.5% in the first quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $278,000 after acquiring an additional 784 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BLDR shares. Robert W. Baird cut shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $145.00 to $130.00 in a report on Friday, August 1st. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Wedbush reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. Royal Bank Of Canada downgraded shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $145.19.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $124.07 on Friday. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 13.90 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $194.36. The firm’s fifty day moving average price is $131.35 and its 200 day moving average price is $124.18.

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