Old West Investment Management LLC Takes $3.39 Million Position in Builders FirstSource, Inc. $BLDR

Old West Investment Management LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 29,005 shares of the company’s stock, valued at approximately $3,385,000. Builders FirstSource accounts for approximately 1.1% of Old West Investment Management LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Stephens Inc. AR raised its stake in shares of Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after acquiring an additional 90 shares during the last quarter. Auxano Advisors LLC increased its holdings in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after purchasing an additional 91 shares during the period. Smartleaf Asset Management LLC raised its position in Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after purchasing an additional 109 shares during the last quarter. Horizon Investments LLC lifted its holdings in Builders FirstSource by 5.5% during the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after buying an additional 114 shares during the period. Finally, New Age Alpha Advisors LLC lifted its holdings in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after buying an additional 119 shares during the period. 95.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLDR. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. UBS Group increased their target price on shares of Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, October 31st. DA Davidson lowered their price target on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a research note on Friday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $103.79 on Friday. The firm has a 50 day moving average of $123.67 and a 200-day moving average of $123.54. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36.

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