Kendall Capital Management Has $445,000 Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Kendall Capital Management reduced its stake in Builders FirstSource by 38.6% during the second quarter, ending the period with 3,810 shares valued at $445,000.
• Builders FirstSource reported $2.38 earnings per share for its latest quarter, exceeding analysts' expectations, though revenue declined by 5.0% year-over-year.
• Analysts have mixed ratings for Builders FirstSource, with ten analysts issuing a Buy rating and a consensus price target of $151.88.

Kendall Capital Management trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 38.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,810 shares of the company's stock after selling 2,395 shares during the quarter. Kendall Capital Management's holdings in Builders FirstSource were worth $445,000 at the end of the most recent quarter.

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

Builders FirstSource Stock Up 0.9%

Shares of NYSE BLDR opened at $117.98 on Friday. The company has a market capitalization of $13.04 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 12.52 and a beta of 1.61. The company's 50 day moving average price is $134.45 and its 200-day moving average price is $124.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $201.53.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company's revenue for the quarter was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLDR. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Stifel Nicolaus increased their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday, August 1st. Barclays dropped 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. Finally, Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Hold" and a consensus price target of $151.88.

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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