Nomura Asset Management Co. Ltd. Has $6.78 Million Holdings in Builders FirstSource, Inc. $BLDR

Nomura Asset Management Co. Ltd. grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 58,108 shares of the company’s stock after purchasing an additional 3,221 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Builders FirstSource were worth $6,781,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BLDR. IMA Advisory Services Inc. acquired a new position in shares of Builders FirstSource during the 1st quarter valued at $31,000. Smithfield Trust Co increased its stake in Builders FirstSource by 187.7% in the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after purchasing an additional 274 shares in the last quarter. AlphaQuest LLC bought a new stake in Builders FirstSource in the second quarter valued at $67,000. Smartleaf Asset Management LLC raised its holdings in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares during the period. Finally, New Age Alpha Advisors LLC boosted 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 worth $80,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BLDR shares. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Benchmark raised their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Stifel Nicolaus decreased their price objective on Builders FirstSource from $128.00 to $124.00 in a report on Monday, November 3rd. Robert W. Baird set a $135.00 target price on Builders FirstSource in a report on Friday, October 31st. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $94.68 on Friday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $194.36. 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 $119.01 and a 200-day moving average price of $122.87. The company has a market cap of $10.47 billion, a PE ratio of 14.37, 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.

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.