Builders FirstSource, Inc. $BLDR Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,800 shares of the company’s stock after purchasing an additional 7,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Builders FirstSource were worth $5,111,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $45,000. Mather Group LLC. grew its holdings in shares of 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 period. Smartleaf Asset Management LLC grew its holdings in shares of 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 period. Finally, New Age Alpha Advisors LLC grew its holdings in shares of 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 purchasing an additional 119 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 4.1%

NYSE BLDR opened at $122.49 on Friday. The firm has a 50 day simple moving average of $133.40 and a 200-day simple moving average of $124.18. 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 $201.53. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 14.30 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the firm posted $3.50 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLDR. Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. DA Davidson dropped their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, August 4th. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a research report on Wednesday, October 1st. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $132.00 to $129.00 in a research report on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $147.29.

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.