Builders FirstSource, Inc. $BLDR Position Lessened by Bank of Montreal Can

Bank of Montreal Can lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 25.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,523 shares of the company’s stock after selling 23,203 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Builders FirstSource worth $7,996,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. bought a new stake in Builders FirstSource in the first quarter valued at $31,000. AlphaQuest LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter worth about $67,000. Smartleaf Asset Management LLC increased its holdings 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 worth $78,000 after acquiring an additional 109 shares during the period. New Age Alpha Advisors LLC lifted its position in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group boosted its stake in Builders FirstSource by 363.9% during the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after purchasing an additional 564 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on BLDR shares. Wedbush restated a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft cut 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. The Goldman Sachs Group decreased their price target on Builders FirstSource from $147.00 to $146.00 in a research note on Friday, October 31st. Finally, Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has a consensus rating of “Hold” and an average target price of $138.13.

Builders FirstSource Stock Up 0.3%

BLDR opened at $109.36 on Monday. The stock’s fifty day moving average is $126.31 and its 200-day moving average is $124.00. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $194.36. The company 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 company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 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 firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the business earned $3.07 earnings per share. Builders FirstSource’s revenue for the quarter was down 6.9% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.