Builders FirstSource, Inc. $BLDR Shares Acquired by Asio Capital LLC

Asio Capital LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 138.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,017 shares of the company’s stock after buying an additional 24,362 shares during the quarter. Asio Capital LLC’s holdings in Builders FirstSource were worth $4,903,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IMA Advisory Services Inc. purchased a new stake in Builders FirstSource during the first quarter worth approximately $31,000. Sentry Investment Management LLC purchased a new stake in Builders FirstSource during the first quarter worth approximately $40,000. CX Institutional purchased a new stake in Builders FirstSource during the first quarter worth approximately $45,000. Mather Group LLC. lifted its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after purchasing an additional 109 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 1.1%

Shares of BLDR stock opened at $119.53 on Tuesday. The business’s fifty day moving average price is $134.40 and its 200 day moving average price is $124.26. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53. The firm has a market capitalization of $13.21 billion, a PE ratio of 18.14, a P/E/G ratio of 12.52 and a beta of 1.61. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BLDR. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Stifel Nicolaus boosted their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an “outperform” rating in a research note on Thursday, July 10th. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, DA Davidson reduced their price objective 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 research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $151.88.

Builders FirstSource 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.