14,601 Shares in Builders FirstSource, Inc. $BLDR Purchased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,601 shares of the company’s stock, valued at approximately $1,704,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Achmea Investment Management B.V. lifted its position in shares of Builders FirstSource by 3.7% in the second quarter. Achmea Investment Management B.V. now owns 120,870 shares of the company’s stock worth $14,104,000 after purchasing an additional 4,259 shares in the last quarter. Andra AP fonden increased its stake in Builders FirstSource by 7.8% in the 2nd quarter. Andra AP fonden now owns 87,300 shares of the company’s stock valued at $10,187,000 after buying an additional 6,300 shares during the period. Resona Asset Management Co. Ltd. lifted its position in Builders FirstSource by 5.9% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 37,889 shares of the company’s stock worth $4,423,000 after buying an additional 2,116 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Builders FirstSource during the 2nd quarter valued at $904,000. Finally, Levin Capital Strategies L.P. grew its holdings in shares of Builders FirstSource by 137.5% during the 2nd quarter. Levin Capital Strategies L.P. now owns 9,500 shares of the company’s stock valued at $1,109,000 after acquiring an additional 5,500 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Robert W. Baird set a $135.00 target price on Builders FirstSource in a research note on Friday, October 31st. Wedbush reissued a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a research note on Monday, September 15th. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $147.00 to $146.00 in a research note on Friday, October 31st. Finally, Benchmark increased their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.69.

Builders FirstSource Trading Down 2.3%

Shares of BLDR stock opened at $109.03 on Friday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36. The company has a market cap of $12.06 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 12.90 and a beta of 1.61. 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 business’s 50 day moving average is $126.90 and its two-hundred day moving average is $123.93.

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, 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 business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period in the prior year, the firm earned $3.07 EPS. Builders FirstSource’s quarterly revenue was down 6.9% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.