Levin Capital Strategies L.P. Grows Position in Builders FirstSource, Inc. $BLDR

Levin Capital Strategies L.P. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 137.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,500 shares of the company’s stock after buying an additional 5,500 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Builders FirstSource were worth $1,109,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in Builders FirstSource by 3.1% during the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after purchasing an additional 90 shares in the last quarter. Auxano Advisors LLC raised its stake in Builders FirstSource by 3.8% during the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after purchasing an additional 91 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 21.0% during 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. Horizon Investments LLC raised its stake in Builders FirstSource by 5.5% during the first quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock valued at $275,000 after purchasing an additional 114 shares in the last quarter. Finally, New Age Alpha Advisors LLC raised its stake in Builders FirstSource by 22.8% during 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 in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Down 2.9%

NYSE BLDR opened at $112.82 on Tuesday. The company’s 50-day moving average price is $128.79 and its 200-day moving average price is $124.17. 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 $12.47 billion, a PE ratio of 17.12, a PEG ratio of 12.90 and a beta of 1.62. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.19. The firm 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%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities 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 recent research reports. Barclays decreased their price target on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday. Benchmark upped their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group decreased their price target on shares of Builders FirstSource from $147.00 to $146.00 in a research note on Friday. 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, Robert W. Baird set a $135.00 price target on shares of Builders FirstSource in a research note on Friday. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.69.

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.