Aviva PLC Grows Holdings in Builders FirstSource, Inc. $BLDR

Aviva PLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1,533.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,942 shares of the company’s stock after purchasing an additional 68,476 shares during the period. Aviva PLC owned 0.07% of Builders FirstSource worth $8,512,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brave Warrior Advisors LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $155,123,000. Wellington Management Group LLP increased its position in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Builders FirstSource by 957.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock valued at $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Voya Investment Management LLC raised its stake in Builders FirstSource by 29.9% during the 1st 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 last quarter. Finally, Diamond Hill Capital Management Inc. lifted its position in Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after acquiring an additional 326,923 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BLDR shares. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, Loop Capital dropped their price target on shares of Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $106.26 on Thursday. 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, Inc. has a one year low of $102.60 and a one year high of $194.36. The firm has a market capitalization of $11.75 billion, a P/E ratio of 16.12, a PEG ratio of 12.90 and a beta of 1.61. The company’s fifty day moving average is $124.46 and its two-hundred day moving average is $123.67.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.07 earnings per share. 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.

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.