Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Builders FirstSource, Inc. $BLDR

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,366 shares of the company’s stock after acquiring an additional 13,337 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Builders FirstSource worth $24,781,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Aviva PLC increased its position in shares of Builders FirstSource by 1,533.3% during the second quarter. Aviva PLC now owns 72,942 shares of the company’s stock worth $8,512,000 after purchasing an additional 68,476 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Builders FirstSource by 16.5% during the 1st quarter. Summit Investment Advisors Inc. now owns 15,772 shares of the company’s stock worth $1,971,000 after buying an additional 2,230 shares during the last quarter. Tabor Asset Management LP increased its position in Builders FirstSource by 93.0% during the second quarter. Tabor Asset Management LP now owns 12,144 shares of the company’s stock worth $1,417,000 after buying an additional 5,853 shares during the period. Penserra Capital Management LLC lifted its stake in Builders FirstSource by 27.2% in the second quarter. Penserra Capital Management LLC now owns 2,839 shares of the company’s stock valued at $330,000 after buying an additional 607 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its stake in Builders FirstSource by 75.8% in the second quarter. KCM Investment Advisors LLC now owns 24,280 shares of the company’s stock valued at $2,833,000 after buying an additional 10,465 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of research reports. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 5th. Barclays lowered their price objective on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. UBS Group upped their target price on shares of Builders FirstSource from $158.00 to $166.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wedbush reissued a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Finally, Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $138.13.

Builders FirstSource Trading Down 0.2%

Shares of Builders FirstSource stock opened at $106.89 on Wednesday. The firm has a market cap of $11.82 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 12.90 and a beta of 1.61. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $194.36. The company’s 50-day simple moving average is $125.06 and its 200-day simple moving average is $123.80. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

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

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.