Builders FirstSource, Inc. $BLDR Holdings Raised by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,949 shares of the company’s stock after buying an additional 196 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Builders FirstSource were worth $227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Invesco Ltd. increased its stake in shares of Builders FirstSource by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock worth $314,781,000 after purchasing an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 16.8% during the 1st 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of Builders FirstSource by 29.9% during the 1st 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. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $122.49 on Friday. 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 company has a fifty day simple moving average of $133.40 and a 200 day simple moving average of $124.14. The company has a market cap of $13.54 billion, a P/E ratio of 18.59, a P/E/G ratio of 13.71 and a beta of 1.62. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $201.53.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm earned $3.50 EPS. Builders FirstSource’s quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $134.00 price target on shares of Builders FirstSource in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday. Finally, Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.29.

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.