Summit Investment Advisors Inc. Purchases 2,230 Shares of Builders FirstSource, Inc. $BLDR

Summit Investment Advisors Inc. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 16.5% in the 1st quarter, HoldingsChannel reports. The firm owned 15,772 shares of the company’s stock after buying an additional 2,230 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Builders FirstSource were worth $1,971,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BLDR. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $31,000. AlphaQuest LLC bought a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $67,000. Smartleaf Asset Management LLC lifted 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 boosted its stake in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after acquiring an additional 119 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in Builders FirstSource by 363.9% in the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after purchasing an additional 564 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Performance

NYSE BLDR opened at $109.36 on Monday. The firm has a market capitalization of $12.09 billion, a P/E ratio of 16.60, a PEG ratio of 12.90 and a beta of 1.60. The stock has a 50-day simple moving average of $126.31 and a two-hundred day simple moving average of $124.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $194.36.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion for 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 for the quarter was down 6.9% compared to the same quarter last year. During the same period last year, the company earned $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. Baird R W lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Benchmark upped their target price on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Barclays lowered their price target on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a research report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Company 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.