Moran Wealth Management LLC Has $4.09 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Moran Wealth Management LLC increased its holdings in Builders FirstSource by 14.6%, acquiring an additional 4,472 shares, bringing the total value to $4.09 million.
• Builders FirstSource reported quarterly earnings of $2.38 per share, surpassing estimates, but revenues fell by 5.0% year-over-year to $4.23 billion.
• Institutional investors own 95.53% of Builders FirstSource stock, with ten analysts rating it a Buy and an average target price of $147.29.

Moran Wealth Management LLC increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 14.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,076 shares of the company's stock after acquiring an additional 4,472 shares during the period. Moran Wealth Management LLC's holdings in Builders FirstSource were worth $4,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. CX Institutional bought a new position in Builders FirstSource in the 1st quarter valued at approximately $45,000. Mather Group LLC. lifted its stake in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its stake in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 6.0%

BLDR opened at $127.97 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $201.53. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $133.15 and a 200-day moving average of $124.11. The stock has a market cap of $14.15 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 13.51 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping 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 company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the company posted $3.50 earnings per share. Builders FirstSource'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. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Wedbush reissued a "neutral" rating and issued a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Barclays decreased their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Finally, Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $147.29.

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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