Tredje AP fonden Boosts Stock Position in Builders FirstSource, Inc. $BLDR

Tredje AP fonden boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 457.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,464 shares of the company’s stock after acquiring an additional 8,587 shares during the quarter. Tredje AP fonden’s holdings in Builders FirstSource were worth $1,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Stephens Inc. AR raised its position in Builders FirstSource by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after purchasing an additional 90 shares in the last quarter. Auxano Advisors LLC increased its position in Builders FirstSource by 3.8% during the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after buying an additional 91 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. Horizon Investments LLC grew its stake in Builders FirstSource by 5.5% during the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after purchasing an additional 114 shares during the last quarter. Finally, New Age Alpha Advisors LLC grew its stake in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Down 2.9%

BLDR opened at $112.82 on Tuesday. The firm has a market cap of $12.47 billion, a P/E ratio of 17.12, a P/E/G ratio of 12.90 and a beta of 1.62. The business has a fifty day simple moving average of $128.79 and a 200-day simple moving average of $124.17. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp set a $145.00 target price on Builders FirstSource in a research note on Wednesday, October 1st. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, UBS Group increased their price target on Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a report on Friday. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $138.69.

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.