Councilmark Asset Management LLC Buys Shares of 2,675 Builders FirstSource, Inc. $BLDR

Councilmark Asset Management LLC purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,675 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors also recently modified their holdings of the company. Smithfield Trust Co increased its position in shares of Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after buying an additional 274 shares during the period. AlphaQuest LLC bought a new stake in Builders FirstSource during the second quarter valued at $67,000. Smartleaf Asset Management LLC boosted its position in 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 acquiring an additional 109 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of Builders FirstSource by 363.9% in the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after acquiring an additional 564 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $101.42 on Friday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $194.36. The company’s 50 day moving average price is $118.19 and its two-hundred day moving average price is $122.91. The stock has a market cap of $11.22 billion, a P/E ratio of 15.39, a P/E/G 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.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data 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 the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BLDR. KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Barclays reduced their price target on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $147.00 to $146.00 in a research report on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $136.92.

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.