Loomis Sayles & Co. L P Purchases 57,266 Shares of Builders FirstSource, Inc. $BLDR

Loomis Sayles & Co. L P raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 10.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 596,128 shares of the company’s stock after purchasing an additional 57,266 shares during the period. Loomis Sayles & Co. L P’s holdings in Builders FirstSource were worth $69,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in shares of Builders FirstSource by 16.1% in the first quarter. Avantax Advisory Services Inc. now owns 6,304 shares of the company’s stock valued at $788,000 after purchasing an additional 876 shares in the last quarter. Cetera Investment Advisers increased its holdings in Builders FirstSource by 23.4% in the 1st quarter. Cetera Investment Advisers now owns 49,223 shares of the company’s stock valued at $6,150,000 after buying an additional 9,323 shares during the period. HB Wealth Management LLC increased its holdings in Builders FirstSource by 59.6% in the 1st quarter. HB Wealth Management LLC now owns 4,122 shares of the company’s stock valued at $515,000 after buying an additional 1,539 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Builders FirstSource by 1.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,613 shares of the company’s stock valued at $5,199,000 after buying an additional 520 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of Builders FirstSource by 4.5% in the 1st quarter. LPL Financial LLC now owns 300,584 shares of the company’s stock valued at $37,555,000 after buying an additional 13,013 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $112.23 on Friday. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 12.90 and a beta of 1.60. The firm’s 50-day moving average price is $115.90 and its two-hundred day moving average price is $122.75. 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 1-year low of $94.35 and a 1-year high of $188.54.

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, beating analysts’ consensus estimates of $1.69 by $0.19. The company 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%. Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BLDR. Stephens decreased their target price on shares of Builders FirstSource from $140.00 to $137.00 in a research report on Monday, November 3rd. Benchmark raised their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Barclays decreased their price objective on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company started coverage on Builders FirstSource in a report on Monday, November 17th. They issued an “equal weight” rating and a $115.00 target price for the company. Finally, BMO Capital Markets cut their target price on Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $136.92.

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.