Builders FirstSource, Inc. $BLDR Shares Sold by Interchange Capital Partners LLC

Key Points

• Interchange Capital Partners LLC reduced its shares in Builders FirstSource by 84.1% in the second quarter, owning only 877 shares worth approximately $102,000.
• Several institutional investors reported changes to their stakes, with GAMMA Investing LLC increasing its position by 68.5%, now holding 1,949 shares valued at $244,000.
• Builders FirstSource recently posted earnings of $2.38 per share, beating estimates, despite a 5% decline in revenue year-over-year to $4.23 billion.

Interchange Capital Partners LLC cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 84.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 877 shares of the company's stock after selling 4,655 shares during the quarter. Interchange Capital Partners LLC's holdings in Builders FirstSource were worth $102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. GAMMA Investing LLC increased its stake in Builders FirstSource by 68.5% during the first quarter. GAMMA Investing LLC now owns 1,949 shares of the company's stock worth $244,000 after acquiring an additional 792 shares during the last quarter. CX Institutional acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $45,000. Fifth Third Bancorp grew its stake in shares of Builders FirstSource by 14.4% in the first quarter. Fifth Third Bancorp now owns 1,733 shares of the company's stock valued at $217,000 after buying an additional 218 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Builders FirstSource by 29.2% in the first quarter. Exchange Traded Concepts LLC now owns 14,500 shares of the company's stock valued at $1,812,000 after buying an additional 3,278 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $1,012,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Wedbush reiterated a "neutral" rating and issued a $145.00 target price on shares of Builders FirstSource in a research note on Monday, September 15th. Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Finally, KeyCorp set a $145.00 target price on Builders FirstSource in a research note on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $147.29.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $127.97 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53. The business has a 50 day moving average price of $133.15 and a two-hundred day moving average price of $124.11. 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 $14.15 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 13.51 and a beta of 1.62.

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

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.

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