Pekin Hardy Strauss Inc. Buys Shares of 14,601 Builders FirstSource, Inc. $BLDR

Pekin Hardy Strauss Inc. purchased a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,601 shares of the company’s stock, valued at approximately $1,704,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brave Warrior Advisors LLC acquired a new stake in Builders FirstSource during the first quarter worth about $155,123,000. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Builders FirstSource by 957.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock worth $66,091,000 after purchasing an additional 478,942 shares during the period. Voya Investment Management LLC boosted its position in Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after purchasing an additional 423,891 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after purchasing an additional 326,923 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $109.03 on Friday. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve 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. The company has a 50-day moving average of $126.90 and a 200-day moving average of $123.93. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 12.90 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The business had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BLDR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Loop Capital cut their price objective on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Barclays reduced their target price on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Finally, Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average price target of $138.69.

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.