Jump Financial LLC trimmed its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 88.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,959 shares of the company's stock after selling 21,705 shares during the period. Jump Financial LLC's holdings in Builders FirstSource were worth $370,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new stake in Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new stake in Builders FirstSource during the 1st quarter worth approximately $45,000. Mather Group LLC. increased its stake in 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 purchasing an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in 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 purchasing an additional 109 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
BLDR has been the subject of a number of research reports. DA Davidson lowered their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a research note on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $154.44.
View Our Latest Analysis on BLDR
Builders FirstSource Stock Up 4.0%
Shares of NYSE BLDR traded up $5.78 during trading hours on Friday, hitting $149.05. The company had a trading volume of 2,472,223 shares, compared to its average volume of 1,863,369. The stock has a market capitalization of $16.48 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 15.17 and a beta of 1.61. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The firm's 50 day moving average is $133.20 and its 200-day moving average is $124.92.
Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.
Builders FirstSource Company 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.
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