Builders FirstSource, Inc. $BLDR Shares Purchased by Swedbank AB

Swedbank AB raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,010 shares of the company’s stock after buying an additional 5,920 shares during the period. Swedbank AB’s holdings in Builders FirstSource were worth $5,719,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BLDR. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Builders FirstSource by 2.9% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,177 shares of the company’s stock worth $1,538,000 after acquiring an additional 372 shares during the last quarter. Threadgill Financial LLC acquired a new position in Builders FirstSource in the second quarter worth approximately $3,620,000. Czech National Bank boosted its stake in Builders FirstSource by 2.2% in the 2nd quarter. Czech National Bank now owns 27,013 shares of the company’s stock worth $3,152,000 after purchasing an additional 580 shares during the period. Gradient Investments LLC acquired a new position in Builders FirstSource in the 2nd quarter worth approximately $952,000. Finally, Parallel Advisors LLC boosted its stake in shares of Builders FirstSource by 27.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $156,000 after buying an additional 290 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $123.98 on Monday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.79. The company’s 50-day moving average price is $135.18 and its two-hundred day moving average price is $124.70. The firm has a market cap of $13.71 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 13.15 and a beta of 1.61. 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 earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the business earned $3.50 earnings per share. Builders FirstSource’s quarterly revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BLDR. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. 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 lowered their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Friday, August 1st. Stifel Nicolaus boosted their price objective on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $134.00 price objective on shares of Builders FirstSource in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $151.88.

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.