FNY Investment Advisers LLC Takes $148,000 Position in Builders FirstSource, Inc. $BLDR

FNY Investment Advisers LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, HoldingsChannel reports. The firm bought 1,271 shares of the company’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. purchased a new position in shares of Builders FirstSource in the 1st quarter valued at approximately $31,000. Mather Group LLC. raised its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after buying an additional 98 shares during the last quarter. Smartleaf Asset Management LLC raised 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 valued at $78,000 after buying an additional 109 shares during the last quarter. New Age Alpha Advisors LLC raised its stake in Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after buying an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in Builders FirstSource by 363.9% during the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after buying an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Down 2.5%

Builders FirstSource stock opened at $122.57 on Thursday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.07 and a beta of 1.62. The stock has a fifty day simple moving average of $131.90 and a two-hundred day simple moving average of $124.07. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Wedbush reiterated a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Stifel Nicolaus lifted their price objective on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Finally, DA Davidson lowered 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, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.19.

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.