Builders FirstSource, Inc. $BLDR Shares Acquired by Candriam S.C.A.

Candriam S.C.A. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,194 shares of the company’s stock after purchasing an additional 4,337 shares during the quarter. Candriam S.C.A.’s holdings in Builders FirstSource were worth $4,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. IMA Advisory Services Inc. purchased a new stake in Builders FirstSource in the first quarter valued at about $31,000. AlphaQuest LLC acquired a new position in shares of Builders FirstSource during the second quarter valued at about $67,000. Smartleaf Asset Management LLC raised its position in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after purchasing an additional 119 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in Builders FirstSource by 363.9% in the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after purchasing an additional 564 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BLDR shares. Loop Capital decreased their price target on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Zacks Research upgraded Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. DA Davidson dropped their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. UBS Group raised their price objective on Builders FirstSource from $158.00 to $166.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $135.00 target price on Builders FirstSource in a report on Friday, October 31st. Ten equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Stock Down 0.6%

Builders FirstSource stock opened at $103.25 on Friday. The business’s 50-day moving average price is $122.76 and its 200 day moving average price is $123.43. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $194.36.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion during 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 revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.