Giverny Capital Inc. Boosts Stake in Builders FirstSource, Inc. $BLDR

Giverny Capital Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 87,317 shares of the company’s stock after acquiring an additional 4,872 shares during the quarter. Giverny Capital Inc.’s holdings in Builders FirstSource were worth $10,189,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Loomis Sayles & Co. L P raised its stake in Builders FirstSource by 10.6% in the second quarter. Loomis Sayles & Co. L P now owns 596,128 shares of the company’s stock valued at $69,562,000 after purchasing an additional 57,266 shares in the last quarter. Norges Bank purchased a new position in Builders FirstSource in the 2nd quarter worth approximately $147,994,000. Level Four Advisory Services LLC increased its holdings in shares of Builders FirstSource by 26.6% in the 2nd quarter. Level Four Advisory Services LLC now owns 8,105 shares of the company’s stock worth $946,000 after buying an additional 1,701 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Builders FirstSource by 62.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,203 shares of the company’s stock valued at $257,000 after buying an additional 845 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of Builders FirstSource by 1.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 117,359 shares of the company’s stock worth $13,695,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 0.4%

Shares of NYSE BLDR opened at $112.23 on Friday. The firm’s fifty day moving average is $115.90 and its 200 day moving average is $122.75. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $188.54. 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 company has a market cap of $12.41 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 12.90 and a beta of 1.60.

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, topping analysts’ consensus estimates 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 quarter last year, the firm earned $3.07 EPS. The company’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 research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BLDR shares. Deutsche Bank Aktiengesellschaft reduced their target price on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Wells Fargo & Company initiated coverage on Builders FirstSource in a research report on Monday, November 17th. They set an “equal weight” rating and a $115.00 price objective on the stock. Wedbush reissued a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a report on Monday, September 15th. Stephens cut their target price on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $136.92.

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.