Builders FirstSource, Inc. $BLDR Shares Bought by Freedom Investment Management Inc.

Freedom Investment Management Inc. grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 16.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 7,549 shares of the company’s stock after purchasing an additional 1,088 shares during the quarter. Freedom Investment Management Inc.’s holdings in Builders FirstSource were worth $881,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock worth $2,500,000 after acquiring an additional 3,131 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Builders FirstSource by 42.5% in the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock worth $368,000 after buying an additional 877 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Builders FirstSource by 41.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock worth $945,000 after buying an additional 2,216 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Builders FirstSource by 11.2% in the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock worth $5,625,000 after buying an additional 4,549 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Builders FirstSource by 54.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock worth $278,000 after buying an additional 784 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BLDR shares. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an “outperform” rating in a research report on Thursday, July 10th. KeyCorp set a $145.00 price target on shares of Builders FirstSource in a research report on Wednesday, October 1st. DA Davidson reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Barclays reduced their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. Finally, Stifel Nicolaus raised their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $145.19.

Builders FirstSource Trading Down 0.1%

Shares of NYSE:BLDR opened at $124.07 on Friday. The company has a market cap of $13.72 billion, a PE ratio of 18.83, a P/E/G ratio of 13.90 and a beta of 1.62. The company’s 50-day moving average price is $131.35 and its 200 day moving average price is $124.18. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two 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.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 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 5.0% compared to the same quarter last year. During the same period last year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.