Tredje AP fonden Raises Stock Holdings in Builders FirstSource, Inc. $BLDR

Tredje AP fonden lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 457.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,464 shares of the company’s stock after purchasing an additional 8,587 shares during the quarter. Tredje AP fonden’s holdings in Builders FirstSource were worth $1,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC lifted its position in Builders FirstSource by 54.5% in the first quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $278,000 after purchasing an additional 784 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Builders FirstSource by 12.0% in the first quarter. IFM Investors Pty Ltd now owns 25,565 shares of the company’s stock worth $3,194,000 after acquiring an additional 2,743 shares during the period. World Investment Advisors raised its holdings in Builders FirstSource by 75.2% in the first quarter. World Investment Advisors now owns 4,295 shares of the company’s stock worth $537,000 after purchasing an additional 1,843 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in Builders FirstSource by 50.1% in the first quarter. Concurrent Investment Advisors LLC now owns 2,347 shares of the company’s stock worth $293,000 after purchasing an additional 783 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Builders FirstSource by 28.7% in 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. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $112.82 on Tuesday. The stock has a market capitalization of $12.47 billion, a PE ratio of 17.12, a P/E/G ratio of 12.90 and a beta of 1.62. 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 business has a 50 day simple moving average of $128.79 and a two-hundred day simple moving average of $124.17. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $194.36.

Builders FirstSource (NYSE:BLDR) last announced 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 firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BLDR. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Loop Capital dropped their target price on Builders FirstSource from $145.00 to $140.00 in a research report on Friday. Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. The Goldman Sachs Group decreased their price objective on Builders FirstSource from $147.00 to $146.00 in a research note on Friday. Finally, 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. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and a consensus 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.