Tran Capital Management L.P. Has $393,000 Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Tran Capital Management L.P. significantly reduced its stake in Builders FirstSource, Inc. by 97.7%, selling 142,348 shares during the second quarter and retaining only 3,371 shares worth approximately $393,000.
• The company's stock recently opened at $123.98 and experienced a drop of 3.8%, with an average target price set at $151.88 from various analysts, indicating mixed ratings on its performance.
• For the last quarter, Builders FirstSource reported a net margin of 4.74% with revenues totaling $4.23 billion, although this marks a 5.0% decline year-over-year compared to the previous year's earnings.

Tran Capital Management L.P. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 97.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,371 shares of the company's stock after selling 142,348 shares during the period. Tran Capital Management L.P.'s holdings in Builders FirstSource were worth $393,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BLDR. Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a research note on Friday, August 1st. Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Finally, Wedbush restated a "neutral" rating and set a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Ten 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 company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $151.88.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $4.95 on Friday, hitting $123.98. 4,295,090 shares of the company were exchanged, compared to its average volume of 1,862,311. The firm has a market capitalization of $13.71 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 13.15 and a beta of 1.61. The stock's 50 day moving average price is $135.18 and its 200 day moving average price is $124.70. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.79. 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 (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (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 analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource 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.