Builders FirstSource, Inc. $BLDR Shares Acquired by Tabor Asset Management LP

Tabor Asset Management LP increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 93.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,144 shares of the company’s stock after purchasing an additional 5,853 shares during the quarter. Tabor Asset Management LP’s holdings in Builders FirstSource were worth $1,417,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC raised its position in Builders FirstSource by 27.2% during the second quarter. Penserra Capital Management LLC now owns 2,839 shares of the company’s stock valued at $330,000 after acquiring an additional 607 shares in the last quarter. KCM Investment Advisors LLC grew its stake in shares of Builders FirstSource by 75.8% during the 2nd quarter. KCM Investment Advisors LLC now owns 24,280 shares of the company’s stock worth $2,833,000 after purchasing an additional 10,465 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Builders FirstSource by 20.5% during the 2nd quarter. Wedbush Securities Inc. now owns 2,312 shares of the company’s stock valued at $270,000 after purchasing an additional 394 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Builders FirstSource during the 2nd quarter valued at approximately $1,704,000. Finally, Achmea Investment Management B.V. lifted its stake in shares of Builders FirstSource by 3.7% in the 2nd quarter. Achmea Investment Management B.V. now owns 120,870 shares of the company’s stock valued at $14,104,000 after purchasing an additional 4,259 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.3%

Shares of Builders FirstSource stock opened at $109.36 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $194.36. The firm has a market capitalization of $12.09 billion, a PE ratio of 16.60, a P/E/G ratio of 12.90 and a beta of 1.60. The firm’s 50-day moving average price is $126.31 and its 200 day moving average price is $123.90.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on BLDR. Wedbush restated a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Loop Capital dropped their target price on Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Stifel Nicolaus lifted their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, August 1st. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 1st. Finally, Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $138.69.

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.