State of Alaska Department of Revenue Sells 1,070 Shares of Builders FirstSource, Inc. $BLDR

State of Alaska Department of Revenue cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,414 shares of the company’s stock after selling 1,070 shares during the period. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $1,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. NBC Securities Inc. boosted its stake in shares of Builders FirstSource by 124,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,250 shares of the company’s stock worth $156,000 after purchasing an additional 1,249 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $40,000. Procyon Advisors LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $512,000. Gateway Investment Advisers LLC raised its holdings in shares of Builders FirstSource by 36.9% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,538 shares of the company’s stock valued at $692,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Perkins Coie Trust Co raised its holdings in shares of Builders FirstSource by 10.2% in the 1st quarter. Perkins Coie Trust Co now owns 1,432 shares of the company’s stock valued at $179,000 after purchasing an additional 132 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $128.67 on Friday. The company’s fifty day moving average price is $133.79 and its 200 day moving average price is $124.26. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $201.53. The company has a market capitalization of $14.22 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 14.30 and a beta of 1.62. 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 (NYSE:BLDR) last announced its quarterly 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

BLDR has been the subject of several recent analyst reports. Wedbush reiterated a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. DA Davidson dropped their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Robert W. Baird downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Eleven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $151.50.

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.