DAVENPORT & Co LLC Purchases 16,810 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• DAVENPORT & Co LLC significantly increased its holdings in Builders FirstSource, acquiring an additional 16,810 shares during Q2, resulting in a total ownership of 19,106 shares valued at approximately $2.24 million.
• Builders FirstSource reported earnings per share (EPS) of $2.38 for the last quarter, slightly surpassing analysts' estimates, but showed a 5% decline in revenue compared to the previous year.
• Several analysts have dropped their ratings on Builders FirstSource, with Robert W. Baird lowering its recommendation from "outperform" to "neutral" and reducing the target price from $145 to $130.

DAVENPORT & Co LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 732.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,106 shares of the company's stock after acquiring an additional 16,810 shares during the period. DAVENPORT & Co LLC's holdings in Builders FirstSource were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Auxano Advisors LLC grew its holdings in shares of Builders FirstSource by 3.8% during the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock worth $310,000 after buying an additional 91 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after buying an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in shares of Builders FirstSource by 8.8% during the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after buying an additional 99 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after buying an additional 109 shares in the last quarter. Finally, Horizon Investments LLC grew its holdings in shares of Builders FirstSource by 5.5% during the first quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock worth $275,000 after buying an additional 114 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 1.3%

NYSE BLDR opened at $127.84 on Friday. The firm's 50-day moving average is $133.56 and its two-hundred day moving average is $124.23. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The stock has a market capitalization of $14.13 billion, a P/E ratio of 19.40, a PEG ratio of 14.50 and a beta of 1.62.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BLDR shares. Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Builders FirstSource in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $147.29.

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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