Fiera Capital Corp Acquires 159,343 Shares of Builders FirstSource, Inc. $BLDR

Fiera Capital Corp boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 59.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 426,122 shares of the company’s stock after acquiring an additional 159,343 shares during the period. Fiera Capital Corp owned 0.39% of Builders FirstSource worth $49,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR increased its holdings in shares of Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after purchasing an additional 90 shares during the last quarter. Auxano Advisors LLC grew its stake in Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after buying an additional 91 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares during the last quarter. Horizon Investments LLC raised its holdings in Builders FirstSource by 5.5% in the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after acquiring an additional 114 shares during the period. Finally, New Age Alpha Advisors LLC lifted its position in Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BLDR. KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Vertical Research initiated coverage on Builders FirstSource in a research report on Monday, October 20th. They set a “sell” rating and a $109.41 price objective on the stock. Stephens reduced their target price on shares of Builders FirstSource from $140.00 to $137.00 in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average price target of $138.13.

Builders FirstSource Stock Down 0.6%

Shares of NYSE BLDR opened at $106.26 on Thursday. The stock has a market capitalization of $11.75 billion, a P/E ratio of 16.12, a PEG ratio of 12.90 and a beta of 1.61. The stock’s fifty day moving average is $124.46 and its 200 day moving average is $123.67. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.