Guild Investment Management Inc. Boosts Position in Builders FirstSource, Inc. $BLDR

Key Points

• Guild Investment Management Inc. increased its stake in Builders FirstSource, Inc. by 23.8% during the second quarter, owning 19,891 shares which accounted for about 2.0% of its portfolio.
• Builders FirstSource reported earnings of $2.38 per share, slightly exceeding analyst expectations, but experienced a 5.0% year-over-year decline in revenue.
• Analysts have mixed views on Builders FirstSource, with an average rating of "Hold" and a consensus price target around $151.50.

Guild Investment Management Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,891 shares of the company's stock after acquiring an additional 3,827 shares during the period. Builders FirstSource accounts for approximately 2.0% of Guild Investment Management Inc.'s portfolio, making the stock its 23rd biggest position. Guild Investment Management Inc.'s holdings in Builders FirstSource were worth $2,321,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in shares of Builders FirstSource during the 1st quarter worth $31,000. CX Institutional acquired a new position in Builders FirstSource in the first quarter valued at about $45,000. Mather Group LLC. lifted its position in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after buying an additional 98 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after buying an additional 109 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its position in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BLDR. Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $132.00 to $129.00 in a research report on Friday, August 1st. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Builders FirstSource in a research report on Saturday, September 27th. Eleven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $151.50.

Builders FirstSource Stock Down 0.2%

Shares of BLDR opened at $126.90 on Wednesday. The stock has a market capitalization of $14.03 billion, a PE ratio of 19.26, a P/E/G ratio of 14.23 and a beta of 1.62. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $201.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The company's 50-day simple moving average is $133.48 and its 200-day simple moving average is $124.22.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $4.23 billion for 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 business's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.

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