Parallel Advisors LLC Buys 290 Shares of Builders FirstSource, Inc. $BLDR

Parallel Advisors LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,333 shares of the company’s stock after purchasing an additional 290 shares during the quarter. Parallel Advisors LLC’s holdings in Builders FirstSource were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Voya Investment Management LLC raised its holdings in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after acquiring an additional 423,891 shares during the period. Inspire Investing LLC raised its holdings in Builders FirstSource by 8.7% during the first quarter. Inspire Investing LLC now owns 13,024 shares of the company’s stock valued at $1,627,000 after acquiring an additional 1,045 shares during the period. Strs Ohio bought a new stake in Builders FirstSource during the first quarter valued at about $11,869,000. Jacobi Capital Management LLC bought a new stake in Builders FirstSource during the first quarter valued at about $225,000. Finally, Focus Partners Wealth raised its holdings in Builders FirstSource by 2.0% during the first quarter. Focus Partners Wealth now owns 21,728 shares of the company’s stock valued at $2,715,000 after acquiring an additional 427 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

NYSE BLDR opened at $121.90 on Tuesday. The firm’s fifty day simple moving average is $134.99 and its two-hundred day simple moving average is $124.61. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $201.79. The firm has a market capitalization of $13.48 billion, a P/E ratio of 18.50, a P/E/G ratio of 13.15 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. Baird R W lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Barclays cut their price objective on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 1st. Wedbush restated a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a research report on Monday, September 15th. Royal Bank Of Canada lowered Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Finally, Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.