Prudential Financial Inc. Buys 2,558 Shares of Builders FirstSource, Inc. $BLDR

Prudential Financial Inc. raised its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 69,919 shares of the company’s stock after purchasing an additional 2,558 shares during the period. Prudential Financial Inc.’s holdings in Builders FirstSource were worth $8,159,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Stephens Inc. AR lifted its position in shares of Builders FirstSource by 3.1% during the 2nd quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after buying an additional 90 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 lifted its holdings 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. New Age Alpha Advisors LLC boosted its position 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 worth $80,000 after purchasing an additional 119 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in shares of Builders FirstSource by 0.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 0.4%

Shares of BLDR stock opened at $112.23 on Friday. 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 capitalization of $12.41 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $188.54. The stock’s 50-day moving average price is $115.90 and its 200-day moving average price is $122.75.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on BLDR shares. Vertical Research began coverage on shares of Builders FirstSource in a research note on Monday, October 20th. They set a “sell” rating and a $109.41 target price on the stock. Loop Capital lowered their price objective on Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a research note on Monday, November 3rd. Stephens decreased their target price on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Finally, Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and a consensus price target of $136.92.

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.