Exchange Traded Concepts LLC Boosts Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• Exchange Traded Concepts LLC raised its stake in Builders FirstSource, Inc. by 82.0%, acquiring an additional 11,892 shares during the second quarter, bringing its total holdings to 26,392 shares worth approximately $3.08 million.
• Analysts have mixed ratings on Builders FirstSource, with a consensus rating of "Hold" and a price target averaging $151.88 among ten analysts, while research firm Robert W. Baird has downgraded its rating from "outperform" to "neutral".
• Builders FirstSource reported a net margin of 4.74% and earnings of $2.38 per share, exceeding expectations, though revenue fell 5.0% year-over-year to $4.23 billion.

Exchange Traded Concepts LLC lifted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 82.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,392 shares of the company's stock after acquiring an additional 11,892 shares during the quarter. Exchange Traded Concepts LLC's holdings in Builders FirstSource were worth $3,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLDR. Auxano Advisors LLC lifted its stake in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after purchasing an additional 91 shares during the last quarter. Mather Group LLC. raised its position in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the period. Deseret Mutual Benefit Administrators boosted its position in Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after acquiring an additional 99 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after purchasing an additional 109 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of Builders FirstSource by 5.5% in the first quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock valued at $275,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 3.8%

Shares of BLDR stock traded down $4.95 during trading hours on Friday, hitting $123.98. The company had a trading volume of 4,295,090 shares, compared to its average volume of 1,862,311. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.79. The company's fifty day moving average is $135.18 and its 200 day moving average is $124.70. The stock has a market capitalization of $13.71 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 13.15 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the business earned $3.50 earnings per share. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. 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. Stifel Nicolaus raised their target price 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 cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Wedbush restated a "neutral" rating and set a $145.00 price objective on shares of Builders FirstSource in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $151.88.

Builders FirstSource 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.