Royal Bank of Canada Has $25.81 Million Stake in Builders FirstSource, Inc. $BLDR

Royal Bank of Canada grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 206,574 shares of the company's stock after acquiring an additional 7,865 shares during the period. Royal Bank of Canada owned about 0.19% of Builders FirstSource worth $25,809,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new stake in shares of Builders FirstSource in the first quarter valued at $31,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at $45,000. Mather Group LLC. lifted its holdings in shares of 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 purchasing an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.2%

Shares of NYSE:BLDR traded down $0.23 during midday trading on Wednesday, hitting $140.22. 1,571,585 shares of the stock were exchanged, compared to its average volume of 1,964,640. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The business's fifty day simple moving average is $134.09 and its two-hundred day simple moving average is $124.83. The company has a market capitalization of $15.50 billion, a PE ratio of 21.28, a P/E/G ratio of 15.66 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data 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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company 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, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson reduced their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. 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. Royal Bank Of Canada lowered Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $154.44.

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.