Campbell & CO Investment Adviser LLC Buys 1,322 Shares of Builders FirstSource, Inc. $BLDR

Campbell & CO Investment Adviser LLC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 59.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,529 shares of the company’s stock after purchasing an additional 1,322 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Builders FirstSource were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Builders FirstSource by 6.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 212,366 shares of the company’s stock worth $24,781,000 after buying an additional 13,337 shares during the period. Aviva PLC raised its holdings in shares of Builders FirstSource by 1,533.3% during the second quarter. Aviva PLC now owns 72,942 shares of the company’s stock worth $8,512,000 after acquiring an additional 68,476 shares during the period. Summit Investment Advisors Inc. lifted its position in Builders FirstSource by 16.5% in the 1st quarter. Summit Investment Advisors Inc. now owns 15,772 shares of the company’s stock valued at $1,971,000 after acquiring an additional 2,230 shares in the last quarter. Tabor Asset Management LP lifted its position in Builders FirstSource by 93.0% in the 2nd quarter. Tabor Asset Management LP now owns 12,144 shares of the company’s stock valued at $1,417,000 after acquiring an additional 5,853 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Builders FirstSource by 27.2% in the 2nd quarter. Penserra Capital Management LLC now owns 2,839 shares of the company’s stock worth $330,000 after purchasing an additional 607 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Stephens dropped their price target on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. DA Davidson cut their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Barclays reduced their price target on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Finally, KeyCorp set a $145.00 target price on shares of Builders FirstSource in a report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $138.13.

Builders FirstSource Price Performance

NYSE:BLDR opened at $103.25 on Monday. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $194.36. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 12.90 and a beta of 1.60. The stock’s 50 day moving average price is $122.76 and its two-hundred day moving average price is $123.46. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period in the previous year, the firm earned $3.07 EPS. The firm’s revenue was down 6.9% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.