Builders FirstSource, Inc. $BLDR Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 12.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,969 shares of the company's stock after purchasing an additional 8,904 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Builders FirstSource worth $10,276,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BLDR. Brave Warrior Advisors LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $155,123,000. Wellington Management Group LLP grew its position in shares of Builders FirstSource by 42.6% in the first 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 period. Kovitz Investment Group Partners LLC boosted its position in Builders FirstSource by 957.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Voya Investment Management LLC boosted its position in Builders FirstSource by 29.9% during the first 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. Finally, Diamond Hill Capital Management Inc. boosted its position 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 worth $283,659,000 after acquiring an additional 326,923 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BLDR shares. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Baird R W lowered shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, KeyCorp set a $145.00 price target on shares of Builders FirstSource in a research report on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $147.29.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $122.75 on Friday. 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 firm's 50-day moving average is $132.70 and its two-hundred day moving average is $124.05. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $196.47. The company has a market capitalization of $13.57 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 13.72 and a beta of 1.62.

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

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