Builders FirstSource, Inc. $BLDR Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 27.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,378 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Builders FirstSource were worth $864,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Invesco Ltd. grew its position in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after buying an additional 265,873 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 acquiring an additional 6,453 shares in the last quarter. Voya Investment Management LLC lifted its position in Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after acquiring an additional 423,891 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 5.0% in 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 acquiring an additional 74,681 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BLDR shares. Barclays cut their target price on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Benchmark increased their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Ten equities 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $136.92.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $111.82 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The business has a 50 day simple moving average of $116.14 and a 200-day simple moving average of $122.79. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $189.74. The stock has a market capitalization 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 posted its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.