King Luther Capital Management Corp Grows Position in Builders FirstSource, Inc. $BLDR

King Luther Capital Management Corp grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 10.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,456 shares of the company’s stock after buying an additional 1,235 shares during the period. King Luther Capital Management Corp’s holdings in Builders FirstSource were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. IMA Advisory Services Inc. acquired a new stake in Builders FirstSource in the 1st quarter valued at about $31,000. AlphaQuest LLC acquired a new position in shares of Builders FirstSource during the 2nd quarter worth approximately $67,000. Smartleaf Asset Management LLC grew its position 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. New Age Alpha Advisors LLC increased its holdings in shares of Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Builders FirstSource by 363.9% in the first quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after purchasing an additional 564 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

NYSE BLDR opened at $106.94 on Tuesday. The stock has a fifty day simple moving average of $125.67 and a 200-day simple moving average of $123.90. 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 stock has a market cap of $11.83 billion, a PE ratio of 16.23, a P/E/G ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $194.36.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLDR. Barclays lowered their price objective on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft reduced their price target on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Robert W. Baird set a $135.00 price objective on shares of Builders FirstSource in a report on Friday, October 31st. Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Stephens reduced their target price on shares of Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $138.13.

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.