ProShare Advisors LLC Grows Stock Holdings in Builders FirstSource, Inc. $BLDR

ProShare Advisors LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,679 shares of the company’s stock after purchasing an additional 568 shares during the period. ProShare Advisors LLC’s holdings in Builders FirstSource were worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Brave Warrior Advisors LLC purchased a new stake in Builders FirstSource in the 1st quarter valued at $155,123,000. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC increased its position in Builders FirstSource by 957.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock worth $66,091,000 after purchasing an additional 478,942 shares during the last quarter. Voya Investment Management LLC increased its position in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after purchasing an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after purchasing an additional 326,923 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 0.6%

Shares of NYSE BLDR opened at $103.25 on Friday. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $194.36. 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 stock has a fifty day simple moving average of $122.76 and a 200-day simple moving average of $123.41. The stock has a market capitalization of $11.42 billion, a PE ratio of 15.67, a PEG ratio of 12.90 and a beta of 1.60.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BLDR shares. KeyCorp set a $145.00 price target on shares of Builders FirstSource in a research note on Wednesday, October 1st. BMO Capital Markets lowered their price objective on Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Stephens lowered their price target on Builders FirstSource from $140.00 to $137.00 in a report on Monday, November 3rd. 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 assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.13.

About Builders FirstSource

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.