Park Avenue Securities LLC Purchases Shares of 6,427 Builders FirstSource, Inc. $BLDR

Key Points

• Park Avenue Securities LLC has acquired 6,427 shares of Builders FirstSource, Inc. valued at approximately $750,000 during the second quarter.
• Approximately 95.53% of Builders FirstSource's stock is currently owned by institutional investors, with significant stakes purchased by Brave Warrior Advisors LLC and Wellington Management Group LLP.
• Analysts have mixed ratings on Builders FirstSource, with an average target price of $151.88 and ten analysts rating the stock as a Buy.

Park Avenue Securities LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund purchased 6,427 shares of the company's stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLDR. Brave Warrior Advisors LLC bought a new stake in Builders FirstSource in the 1st quarter valued at $155,123,000. Wellington Management Group LLP increased its holdings in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Voya Investment Management LLC increased its holdings in Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock valued at $229,809,000 after acquiring an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after buying an additional 326,923 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wedbush restated a "neutral" rating and issued a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. DA Davidson reduced their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Finally, Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Builders FirstSource has an average rating of "Hold" and an average target price of $151.88.

Builders FirstSource Price Performance

BLDR stock opened at $117.98 on Friday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.53. 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 company has a 50-day moving average price of $134.45 and a 200 day moving average price of $124.30. The stock has a market cap of $13.04 billion, a PE ratio of 17.90, a P/E/G ratio of 12.52 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during 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 firm's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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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