De Lisle Partners LLP Grows Stake in Builders FirstSource, Inc. $BLDR

by · The Cerbat Gem

De Lisle Partners LLP boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,501 shares of the company’s stock after acquiring an additional 2,000 shares during the quarter. Builders FirstSource comprises about 1.4% of De Lisle Partners LLP’s investment portfolio, making the stock its 15th biggest position. De Lisle Partners LLP owned 0.08% of Builders FirstSource worth $9,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of BLDR. Avantax Advisory Services Inc. increased its position in shares of Builders FirstSource by 16.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,304 shares of the company’s stock valued at $788,000 after purchasing an additional 876 shares during the last quarter. Cetera Investment Advisers boosted its stake in Builders FirstSource by 23.4% during the first quarter. Cetera Investment Advisers now owns 49,223 shares of the company’s stock worth $6,150,000 after buying an additional 9,323 shares during the period. LPL Financial LLC increased its position in Builders FirstSource by 4.5% during the first quarter. LPL Financial LLC now owns 300,584 shares of the company’s stock valued at $37,555,000 after acquiring an additional 13,013 shares during the last quarter. Mackenzie Financial Corp increased its position in Builders FirstSource by 4.1% during the first quarter. Mackenzie Financial Corp now owns 14,571 shares of the company’s stock valued at $1,821,000 after acquiring an additional 569 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Builders FirstSource in the first quarter valued at $949,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Trading Up 0.4%

BLDR opened at $112.23 on Friday. 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’s fifty day moving average is $115.90 and its two-hundred day moving average is $122.74. The company has a market capitalization of $12.41 billion, a P/E ratio of 17.03, a PEG ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $188.54.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on BLDR. Deutsche Bank Aktiengesellschaft cut their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Vertical Research assumed coverage on Builders FirstSource in a research report on Monday, October 20th. They set a “sell” rating and a $109.41 target price for the company. BMO Capital Markets decreased their price target on Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Benchmark increased their target price on Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Ten equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $136.92.

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About Builders FirstSource

(Free Report)

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.

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