KPP Advisory Services LLC Raises Stock Position in Builders FirstSource, Inc. $BLDR

KPP Advisory Services LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 58.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,131 shares of the company’s stock after buying an additional 1,895 shares during the period. KPP Advisory Services LLC’s holdings in Builders FirstSource were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR lifted its holdings in shares of Builders FirstSource by 3.1% in the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after acquiring an additional 90 shares during the last quarter. Auxano Advisors LLC lifted its holdings in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock worth $310,000 after acquiring an additional 91 shares during the last quarter. Mather Group LLC. lifted its holdings in Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after buying an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock valued at $153,000 after buying an additional 99 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the company an “outperform” rating in a report on Thursday, July 10th. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a research report on Wednesday, October 1st. Royal Bank Of Canada downgraded shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.19.

Builders FirstSource Trading Up 1.2%

Shares of BLDR opened at $124.09 on Friday. 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, Inc. has a 12-month low of $102.60 and a 12-month high of $194.36. The firm has a 50-day moving average price of $131.61 and a 200 day moving average price of $124.10. The firm has a market capitalization of $13.72 billion, a P/E ratio of 18.83, a P/E/G ratio of 13.72 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last announced 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 analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.