Mediolanum International Funds Ltd Raises Position in Builders FirstSource, Inc. $BLDR

Mediolanum International Funds Ltd grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 140.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 126,990 shares of the company’s stock after buying an additional 74,274 shares during the quarter. Mediolanum International Funds Ltd owned 0.11% of Builders FirstSource worth $14,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BLDR. Stephens Inc. AR boosted its stake 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 during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares during the last quarter. Horizon Investments LLC increased its holdings in Builders FirstSource by 5.5% in the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after buying an additional 114 shares in the last quarter. New Age Alpha Advisors LLC raised its position in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after buying an additional 119 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in Builders FirstSource by 0.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock valued at $1,967,000 after acquiring an additional 131 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BLDR. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $147.00 to $146.00 in a report on Friday, October 31st. KeyCorp set a $145.00 price target on Builders FirstSource in a research note on Wednesday, October 1st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Benchmark upped their target price on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $136.92.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $101.42 on Friday. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 12.90 and a beta of 1.60. 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’s 50-day simple moving average is $118.19 and its 200-day simple moving average is $122.80. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week 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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the firm earned $3.07 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.