Hodges Capital Management Inc. Sells 27,524 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Hodges Capital Management Inc. has significantly reduced its stake in Builders FirstSource, Inc. by 47.9%, selling 27,524 shares and holding 29,961 shares worth approximately $3.74 million at the end of the last quarter.
• Several institutional investors have recently modified their holdings in Builders FirstSource, indicating a strong institutional interest as 95.53% of the stock is owned by institutional investors.
• Analysts have varying opinions on Builders FirstSource, with target prices ranging from $125.00 to $155.00, while the stock currently holds a consensus rating of "Moderate Buy".

Hodges Capital Management Inc. reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 47.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 29,961 shares of the company's stock after selling 27,524 shares during the period. Hodges Capital Management Inc.'s holdings in Builders FirstSource were worth $3,743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $45,000. Mather Group LLC. lifted its stake in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after acquiring an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after acquiring an additional 109 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. DA Davidson decreased their target price 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. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Wedbush decreased their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Finally, Barclays decreased their target price 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. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Trading Up 4.5%

BLDR opened at $146.60 on Friday. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 14.85 and a beta of 1.61. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The stock has a fifty day moving average price of $134.74 and a 200-day moving average price of $125.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion during 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%.The business'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 company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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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