KCM Investment Advisors LLC Boosts Position in Builders FirstSource, Inc. $BLDR

KCM Investment Advisors LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 75.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 24,280 shares of the company’s stock after acquiring an additional 10,465 shares during the quarter. KCM Investment Advisors LLC’s holdings in Builders FirstSource were worth $2,833,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its position in Builders FirstSource by 54.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock worth $278,000 after purchasing an additional 784 shares during the period. Concurrent Investment Advisors LLC raised its position in Builders FirstSource by 50.1% in the first quarter. Concurrent Investment Advisors LLC now owns 2,347 shares of the company’s stock valued at $293,000 after purchasing an additional 783 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Builders FirstSource by 28.7% during the first quarter. Envestnet Asset Management Inc. now owns 307,349 shares of the company’s stock worth $38,400,000 after purchasing an additional 68,449 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Builders FirstSource by 2.4% in the first quarter. Brown Advisory Inc. now owns 10,446 shares of the company’s stock worth $1,305,000 after buying an additional 241 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Builders FirstSource by 2.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 56,051 shares of the company’s stock worth $6,833,000 after buying an additional 1,376 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.3%

BLDR opened at $109.36 on Friday. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $194.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The stock has a market capitalization of $12.09 billion, a PE ratio of 16.60, a P/E/G ratio of 12.90 and a beta of 1.60. The firm’s fifty day moving average price is $126.31 and its 200 day moving average price is $123.95.

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 company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 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 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

BLDR has been the topic of several recent research reports. BMO Capital Markets reduced their price target on Builders FirstSource from $130.00 to $123.00 in a research report on Wednesday, October 29th. Vertical Research began coverage on shares of Builders FirstSource in a research note on Monday, October 20th. They set a “sell” rating and a $109.41 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Loop Capital lowered their price target on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Finally, KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a report on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $138.13.

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.