Asset Management One Co. Ltd. Reduces Stock Holdings in Builders FirstSource, Inc. $BLDR

Asset Management One Co. Ltd. reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,744 shares of the company’s stock after selling 595 shares during the period. Asset Management One Co. Ltd.’s holdings in Builders FirstSource were worth $5,455,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Stephens Inc. AR increased its stake in Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after purchasing an additional 90 shares during the last quarter. Auxano Advisors LLC increased its stake in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after purchasing an additional 91 shares during the last quarter. Mather Group LLC. increased its stake in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in Builders FirstSource by 8.8% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock valued at $153,000 after purchasing an additional 99 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $119.50 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The stock has a fifty day moving average price of $130.71 and a 200 day moving average price of $124.23. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $194.36. The company has a market cap of $13.21 billion, a PE ratio of 18.13, a P/E/G ratio of 13.79 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $3.50 earnings per share. The company’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. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on BLDR shares. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Stifel Nicolaus raised their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Vertical Research began coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They set a “sell” rating and a $109.41 target price on the stock. Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Wedbush restated a “neutral” rating and set a $145.00 target price on shares of Builders FirstSource in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $145.19.

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.