New York Life Investment Management LLC Lowers Position in Builders FirstSource, Inc. $BLDR

New York Life Investment Management LLC decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,082 shares of the company’s stock after selling 355 shares during the quarter. New York Life Investment Management LLC’s holdings in Builders FirstSource were worth $1,760,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BLDR. Mirae Asset Global Investments Co. Ltd. raised its stake in Builders FirstSource by 24.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,481 shares of the company’s stock valued at $1,679,000 after purchasing an additional 2,629 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Builders FirstSource by 189.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 72,065 shares of the company’s stock valued at $9,052,000 after purchasing an additional 47,201 shares in the last quarter. Mather Group LLC. raised its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Builders FirstSource by 3.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,805 shares of the company’s stock valued at $1,600,000 after purchasing an additional 421 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in Builders FirstSource by 54.5% during the first quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $278,000 after purchasing an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 4.1%

BLDR stock opened at $116.27 on Friday. The firm’s fifty day simple moving average is $129.37 and its two-hundred day simple moving average is $124.08. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 12.90 and a beta of 1.62. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $194.36.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLDR. Barclays decreased their price target on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an “outperform” rating in a research report on Thursday, July 10th. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $134.00 price objective on shares of Builders FirstSource in a research report 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.80.

About Builders FirstSource

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.