Builders FirstSource, Inc. $BLDR Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,034 shares of the company’s stock after buying an additional 211 shares during the period. Ethic Inc.’s holdings in Builders FirstSource were worth $589,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource in the first quarter worth $31,000. Mather Group LLC. lifted its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 buying an additional 109 shares during the last quarter. New Age Alpha Advisors LLC lifted 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 buying an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in Builders FirstSource by 363.9% in the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after buying an additional 564 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $119.50 on Wednesday. The stock’s 50-day moving average price is $130.71 and its two-hundred day moving average price is $124.23. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The company has a market cap of $13.21 billion, a PE ratio of 18.13, a PEG ratio of 13.79 and a beta of 1.62. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $194.36.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent research reports. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Vertical Research assumed coverage on shares of Builders FirstSource in a research note on Monday, October 20th. They set a “sell” rating and a $109.41 price objective on the stock. Finally, Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an “outperform” rating in a research note on Thursday, July 10th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.19.

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.