Ascent Group LLC Acquires 1,588 Shares of Builders FirstSource, Inc. $BLDR

Ascent Group LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.4% in the 2nd quarter, Holdings Channel reports. The fund owned 31,179 shares of the company’s stock after purchasing an additional 1,588 shares during the quarter. Ascent Group LLC’s holdings in Builders FirstSource were worth $3,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock worth $2,500,000 after buying an additional 3,131 shares during the period. Stephens Inc. AR boosted its position in shares of Builders FirstSource by 42.5% during the first quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock worth $368,000 after buying an additional 877 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Builders FirstSource by 41.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock worth $945,000 after buying an additional 2,216 shares during the period. Altus Wealth Group LLC boosted its position in Builders FirstSource by 11.2% during the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock valued at $5,625,000 after purchasing an additional 4,549 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in Builders FirstSource during the first quarter valued at approximately $1,012,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Up 0.7%

BLDR stock opened at $128.67 on Friday. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 14.39 and a beta of 1.62. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53. 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 business’s fifty day moving average price is $133.79 and its two-hundred day moving average price is $124.23.

Builders FirstSource (NYSE:BLDR) last released its 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on BLDR. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Barclays reduced their price target on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 1st. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $151.50.

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.