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QRG Capital Management Inc. Has $889,000 Stake in Builders FirstSource, Inc. $BLDR

Builders FirstSource logo with Retail/Wholesale background

Key Points

  • QRG Capital Management Inc. reduced its stake in Builders FirstSource by 62.8%, holding now 7,617 shares worth $889,000 after selling 12,874 shares during the second quarter.
  • Builders FirstSource reported an EPS of $2.38 for the last quarter, slightly beating analyst expectations, but its revenue decreased by 5.0% year-over-year.
  • The stock has a consensus rating of "Hold" from analysts, with an average target price of $147.29, amidst varying ratings from brokerages.
  • Five stocks we like better than Builders FirstSource.

QRG Capital Management Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 62.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,617 shares of the company's stock after selling 12,874 shares during the period. QRG Capital Management Inc.'s holdings in Builders FirstSource were worth $889,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares 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. CX Institutional bought a new position in Builders FirstSource in the 1st quarter valued at approximately $45,000. Mather Group LLC. raised its holdings in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after buying an additional 98 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after buying an additional 109 shares during the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after buying an additional 119 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $129.58 on Thursday. The company's 50-day moving average is $133.55 and its 200 day moving average is $124.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The company has a market capitalization of $14.32 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 14.20 and a beta of 1.62. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53.

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. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business 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 earned $3.50 earnings per share. The company's revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLDR. Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson dropped their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Finally, Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of "Hold" and an average target price of $147.29.

Check Out Our Latest Research Report on BLDR

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.

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

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