Stratos Wealth Partners LTD. Raises Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• Stratos Wealth Partners LTD. increased its holdings in Builders FirstSource by 11.1% during Q2, owning 44,624 shares worth approximately $5.2 million.
• Builders FirstSource reported $2.38 EPS for the last quarter, exceeding analysts' expectations, though revenue declined by 5% compared to the previous year.
• The company's stock has an average price target of $147.29 from analysts, with a mixed rating of 10 Buy, 9 Hold, and 1 Sell.

Stratos Wealth Partners LTD. grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,624 shares of the company's stock after buying an additional 4,471 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Builders FirstSource were worth $5,207,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its position in Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock valued at $2,500,000 after purchasing an additional 3,131 shares during the period. Stephens Inc. AR increased its position in shares of Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock valued at $368,000 after purchasing an additional 877 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after buying an additional 2,216 shares during the period. Altus Wealth Group LLC raised its holdings in Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after buying an additional 4,549 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in Builders FirstSource by 54.5% in the first quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock worth $278,000 after buying an additional 784 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $122.75 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The stock has a market cap of $13.57 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 13.72 and a beta of 1.62. The firm has a 50-day moving average of $132.70 and a two-hundred day moving average of $124.05. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $196.47.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

BLDR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson dropped their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Wedbush reaffirmed a "neutral" rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Ten investment 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $147.29.

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.

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