Swedbank AB Boosts Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Swedbank AB increased its holdings in Builders FirstSource, Inc. by 13.7% in the second quarter, owning 49,010 shares valued at approximately $5.7 million.
• Builders FirstSource reported earnings of $2.38 per share for the last quarter, exceeding analyst expectations, although its revenue decreased by 5.0% year-over-year.
• Ten analysts currently rate Builders FirstSource with a Buy recommendation, with the average target price set at $151.88.

Swedbank AB boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,010 shares of the company's stock after buying an additional 5,920 shares during the quarter. Swedbank AB's holdings in Builders FirstSource were worth $5,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brave Warrior Advisors LLC bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $155,123,000. Wellington Management Group LLP lifted its stake in Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake 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 purchasing an additional 478,942 shares during the last quarter. Voya Investment Management LLC lifted its stake 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 purchasing an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted 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 worth $283,659,000 after purchasing an additional 326,923 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Barclays decreased their price objective on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Robert W. Baird downgraded Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $145.00 to $130.00 in a report on Friday, August 1st. Wedbush restated a "neutral" rating and issued a $145.00 price objective on shares of Builders FirstSource in a report on Monday, September 15th. DA Davidson decreased their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a report on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $151.88.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $2.25 during midday trading on Monday, reaching $121.90. 2,811,298 shares of the company were exchanged, compared to its average volume of 1,862,311. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The business's fifty day moving average is $134.99 and its two-hundred day moving average is $124.61. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $201.79. The stock has a market cap of $13.48 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 13.15 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter last year, the business 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. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share 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.