Builders FirstSource, Inc. $BLDR Holdings Decreased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management LLC has significantly reduced its stake in Builders FirstSource by 90.7%, now holding only 4,436 shares valued at approximately $518,000.
• Analysts have mixed views on Builders FirstSource, with ten analysts rating it as a Buy, while others downgraded the stock and revised price targets down to $125.00 and $130.00.
• Builders FirstSource reported a 5% decline in revenue year-over-year, although it exceeded analysts' earnings expectations with $2.38 EPS compared to a forecast of $2.35 EPS.

Axxcess Wealth Management LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 90.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,436 shares of the company's stock after selling 43,099 shares during the quarter. Axxcess Wealth Management LLC's holdings in Builders FirstSource were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock valued at $2,500,000 after purchasing an additional 3,131 shares during the period. Stephens Inc. AR boosted its position in Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock valued at $368,000 after purchasing an additional 877 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after purchasing an additional 2,216 shares during the period. Altus Wealth Group LLC boosted its position in Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after purchasing an additional 4,549 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in Builders FirstSource by 54.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company's stock valued at $278,000 after purchasing an additional 784 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLDR. Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $145.00 to $130.00 in a research report on Friday, August 1st. DA Davidson reduced their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. KeyCorp set a $145.00 price target on Builders FirstSource in a research report on Wednesday, October 1st. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Barclays reduced their price target on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $147.29.

Builders FirstSource Trading Down 0.2%

Shares of Builders FirstSource stock opened at $122.75 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 firm has a market cap of $13.57 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 13.76 and a beta of 1.62. The business has a fifty day simple moving average of $132.70 and a 200-day simple moving average of $124.10. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $196.47.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

About Builders FirstSource

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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