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HB Wealth Management LLC Cuts Stake in Builders FirstSource, Inc. $BLDR

Builders FirstSource logo with Retail/Wholesale background

HB Wealth Management LLC reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 57.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,754 shares of the company's stock after selling 2,368 shares during the quarter. HB Wealth Management LLC's holdings in Builders FirstSource were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BLDR. Brave Warrior Advisors LLC bought a new stake in Builders FirstSource in the 1st quarter valued at about $155,123,000. Wellington Management Group LLP raised its stake in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after acquiring an additional 478,942 shares during the period. Voya Investment Management LLC raised its stake in Builders FirstSource by 29.9% in the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock valued at $229,809,000 after acquiring an additional 423,891 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after acquiring an additional 326,923 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BLDR. Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Stifel Nicolaus upped their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Robert W. Baird cut Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Finally, Barclays decreased their price target on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $151.50.

Get Our Latest Research Report on BLDR

Builders FirstSource Stock Down 0.2%

Shares of NYSE BLDR opened at $126.90 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $201.53. 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 firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 14.23 and a beta of 1.62. The business has a 50-day moving average of $133.48 and a 200-day moving average of $124.22.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource's 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 Profile

(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.

Further Reading

Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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