Builders FirstSource, Inc. $BLDR Shares Bought by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,648 shares of the company’s stock after purchasing an additional 301 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Builders FirstSource were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLDR. GAMMA Investing LLC boosted its holdings in shares of Builders FirstSource by 68.5% in the 1st quarter. GAMMA Investing LLC now owns 1,949 shares of the company’s stock valued at $244,000 after purchasing an additional 792 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Builders FirstSource by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 13,484 shares of the company’s stock valued at $1,684,000 after purchasing an additional 360 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Builders FirstSource by 30.1% in the 1st quarter. PFG Investments LLC now owns 1,921 shares of the company’s stock valued at $240,000 after purchasing an additional 445 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Builders FirstSource in the 1st quarter valued at $411,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Builders FirstSource by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after purchasing an additional 3,131 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR opened at $122.75 on Monday. The company has a 50-day moving average of $132.70 and a 200-day moving average of $124.08. The company has a market capitalization of $13.57 billion, a P/E ratio of 18.63, a PEG ratio of 13.72 and a beta of 1.62. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $196.47. 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 released its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during 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%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BLDR shares. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Baird R W downgraded shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Robert W. Baird downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $134.00 price target on shares of Builders FirstSource in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $147.29.

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.