KPP Advisory Services LLC Grows Stock Position in Builders FirstSource, Inc. $BLDR

KPP Advisory Services LLC boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 58.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,131 shares of the company’s stock after purchasing an additional 1,895 shares during the quarter. KPP Advisory Services LLC’s holdings in Builders FirstSource were worth $599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BLDR. Knights of Columbus Asset Advisors LLC increased its stake in shares of Builders FirstSource by 0.5% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 30,592 shares of the company’s stock worth $3,570,000 after buying an additional 158 shares during the period. DAVENPORT & Co LLC grew its holdings in Builders FirstSource by 732.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 19,106 shares of the company’s stock worth $2,235,000 after acquiring an additional 16,810 shares in the last quarter. 111 Capital purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at approximately $339,000. Intrinsic Value Partners LLC acquired a new stake in shares of Builders FirstSource in the 2nd quarter valued at $1,740,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Builders FirstSource by 28.7% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 8,845 shares of the company’s stock worth $1,032,000 after purchasing an additional 1,975 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 0.7%

Shares of BLDR stock opened at $128.67 on Monday. The company has a market capitalization of $14.22 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 14.39 and a beta of 1.62. 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 business’s 50 day moving average is $133.79 and its two-hundred day moving average is $124.20. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $201.53.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results 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 return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $3.50 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the company an “outperform” rating in a research note on Thursday, July 10th. DA Davidson lowered their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research report on Saturday, September 27th. Eleven equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.50.

About Builders FirstSource

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.