National Pension Service Buys 1,190 Shares of Builders FirstSource, Inc. $BLDR

National Pension Service grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 25.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,939 shares of the company’s stock after buying an additional 1,190 shares during the period. National Pension Service’s holdings in Builders FirstSource were worth $693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the first quarter valued at $31,000. AlphaQuest LLC purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $67,000. Smartleaf Asset Management LLC boosted its holdings in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after purchasing an additional 109 shares in the last quarter. New Age Alpha Advisors LLC increased its position in shares of Builders FirstSource by 22.8% during the 1st 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 last quarter. Finally, Brooklyn Investment Group raised its holdings in shares of Builders FirstSource by 363.9% during the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after buying an additional 564 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 0.6%

Shares of Builders FirstSource stock opened at $103.25 on Friday. 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 52-week low of $102.60 and a 52-week high of $194.36. The company’s 50 day moving average price is $122.76 and its 200-day moving average price is $123.43. The stock 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.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.74% and a return on equity of 24.61%. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BLDR. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price target 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. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. DA Davidson reduced their target price on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Finally, Stephens lowered their price target on shares of Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average 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.