Mirae Asset Global Investments Co. Ltd. Acquires 849 Shares of Builders FirstSource, Inc. $BLDR

Mirae Asset Global Investments Co. Ltd. lifted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,330 shares of the company’s stock after acquiring an additional 849 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Builders FirstSource were worth $1,672,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Auxano Advisors LLC raised its position in Builders FirstSource by 3.8% during the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after purchasing an additional 91 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after acquiring an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators raised its holdings in shares of Builders FirstSource by 8.8% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock valued at $153,000 after purchasing an additional 99 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 109 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of 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 purchasing an additional 114 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 2.1%

Shares of Builders FirstSource stock opened at $129.58 on Thursday. The stock has a market cap of $14.32 billion, a P/E ratio of 19.66, a P/E/G ratio of 14.20 and a beta of 1.62. The stock’s 50 day simple moving average is $133.55 and its 200-day simple moving average is $124.26. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BLDR shares. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a report on Wednesday, October 1st. Barclays cut their target price on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $134.00 price objective on shares of Builders FirstSource in a research note on Friday, August 1st. Baird R W lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating 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 research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $147.29.

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.