Builders FirstSource, Inc. $BLDR Shares Purchased by Tabor Asset Management LP

Tabor Asset Management LP boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 93.0% in the 2nd quarter, Holdings Channel reports. The fund owned 12,144 shares of the company’s stock after acquiring an additional 5,853 shares during the quarter. Tabor Asset Management LP’s holdings in Builders FirstSource were worth $1,417,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brave Warrior Advisors LLC acquired a new stake in shares of Builders FirstSource during the first quarter valued at about $155,123,000. Wellington Management Group LLP raised its position in Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after purchasing an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in Builders FirstSource by 957.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock worth $66,091,000 after purchasing an additional 478,942 shares in the last quarter. Voya Investment Management LLC lifted its stake in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after purchasing an additional 423,891 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 16.8% during the first 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 period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BLDR shares. Benchmark boosted their price objective on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Wedbush reissued a “neutral” rating and issued a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. DA Davidson dropped their price objective on shares of Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Monday. Finally, Loop Capital reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 in a report on Friday, October 31st. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $138.69.

Builders FirstSource Stock Up 0.3%

Shares of NYSE:BLDR opened at $109.36 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $194.36. The firm’s 50 day moving average price is $126.31 and its 200 day moving average price is $123.90. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the previous year, the business posted $3.07 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.