Aberdeen Group plc Purchases 4,780 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Aberdeen Group plc increased its stake in Builders FirstSource by 6.0%, owning 84,235 shares valued at approximately $9.83 million after acquiring an additional 4,780 shares in the second quarter.
• Several institutional investors have also made significant purchases, with 95.53% of the company's stock now owned by institutional investors, highlighting strong interest from the investment community.
• Builders FirstSource reported $2.38 EPS for the last quarter, slightly surpassing analysts’ expectations, although its revenue of $4.23 billion fell short of forecasts.

Aberdeen Group plc raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,235 shares of the company's stock after purchasing an additional 4,780 shares during the period. Aberdeen Group plc owned approximately 0.08% of Builders FirstSource worth $9,829,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Builders FirstSource by 68.5% in the first quarter. GAMMA Investing LLC now owns 1,949 shares of the company's stock valued at $244,000 after buying an additional 792 shares during the period. CX Institutional acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Fifth Third Bancorp boosted its holdings in shares of Builders FirstSource by 14.4% in the first quarter. Fifth Third Bancorp now owns 1,733 shares of the company's stock valued at $217,000 after buying an additional 218 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Builders FirstSource by 29.2% in the first quarter. Exchange Traded Concepts LLC now owns 14,500 shares of the company's stock valued at $1,812,000 after buying an additional 3,278 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at approximately $1,012,000. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Barclays reduced their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. DA Davidson reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Finally, Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $147.29.

Builders FirstSource Stock Performance

Shares of BLDR opened at $126.32 on Thursday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.53. The firm has a fifty day simple moving average of $133.06 and a 200 day simple moving average of $124.13. The stock has a market capitalization of $13.96 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 14.34 and a beta of 1.62. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal 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.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.