Summit Investment Advisors Inc. Increases Stake in Builders FirstSource, Inc. $BLDR

Summit Investment Advisors Inc. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 16.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,772 shares of the company’s stock after buying an additional 2,230 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Builders FirstSource were worth $1,971,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BLDR. Wellington Management Group LLP boosted its holdings in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Invesco Ltd. lifted its position in shares of Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock worth $314,781,000 after buying an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after buying an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after buying an additional 6,453 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after acquiring an additional 423,891 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Wedbush reiterated a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a research report on Monday, September 15th. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Finally, DA Davidson cut their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Trading Up 0.3%

BLDR opened at $109.36 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The stock’s 50 day moving average price is $126.31 and its 200-day moving average price is $124.00. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $194.36. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 12.90 and a beta of 1.60.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data 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 analysts’ expectations 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 was down 6.9% compared to the same quarter last year. 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, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource Company 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.