Rhumbline Advisers Acquires 1,294 Shares of Builders FirstSource, Inc. $BLDR

Rhumbline Advisers grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 233,624 shares of the company’s stock after buying an additional 1,294 shares during the period. Rhumbline Advisers owned approximately 0.21% of Builders FirstSource worth $27,261,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of BLDR. Wellington Management Group LLP lifted its position in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Invesco Ltd. increased its stake in Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after purchasing an additional 265,873 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after purchasing an additional 6,453 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after purchasing an additional 423,891 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 5.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock valued at $181,587,000 after purchasing an additional 74,681 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $111.82 on Thursday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $189.74. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $116.48 and a 200-day moving average price of $122.86. The company has a market cap of $12.36 billion, a PE ratio of 16.97, a price-to-earnings-growth 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 (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.19. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. Loop Capital reduced their target price on Builders FirstSource from $145.00 to $140.00 in a research note on Friday, October 31st. The Goldman Sachs Group cut their price target on Builders FirstSource from $147.00 to $146.00 in a report on Friday, October 31st. Robert W. Baird set a $135.00 price objective on Builders FirstSource in a research note on Friday, October 31st. Wells Fargo & Company assumed coverage on Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 target price on the stock. Finally, Stifel Nicolaus cut their target price on Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $136.92.

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.