Rehmann Capital Advisory Group Purchases 798 Shares of Builders FirstSource, Inc. $BLDR

Rehmann Capital Advisory Group increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,829 shares of the company’s stock after acquiring an additional 798 shares during the period. Rehmann Capital Advisory Group’s holdings in Builders FirstSource were worth $797,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BLDR. Cambridge Investment Research Advisors Inc. raised its stake in Builders FirstSource by 18.5% during the first 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 increased its holdings in shares of Builders FirstSource by 42.5% in the first quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock valued at $368,000 after purchasing an additional 877 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Builders FirstSource by 41.4% during 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 in the last quarter. Altus Wealth Group LLC boosted its position in Builders FirstSource by 11.2% in the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock valued at $5,625,000 after buying an additional 4,549 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake 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 valued at $278,000 after buying an additional 784 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on BLDR shares. Wedbush reissued a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a report on Monday, September 15th. Robert W. Baird downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Royal Bank Of Canada lowered shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Finally, DA Davidson lowered their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $145.19.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $124.09 on Friday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36. The company’s fifty day simple moving average is $131.61 and its 200-day simple moving average is $124.10. The firm has a market cap of $13.72 billion, a PE ratio of 18.83, a P/E/G ratio of 13.72 and a beta of 1.62. 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 results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS 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.