Commonwealth Financial Services LLC Cuts Stake in Builders FirstSource, Inc. $BLDR

Commonwealth Financial Services LLC reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,980 shares of the company’s stock after selling 496 shares during the period. Commonwealth Financial Services LLC’s holdings in Builders FirstSource were worth $581,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IMA Advisory Services Inc. acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $31,000. CX Institutional acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $45,000. Mather Group LLC. increased its position 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. Smartleaf Asset Management LLC increased its position 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. Finally, New Age Alpha Advisors LLC increased its position in Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after purchasing an additional 119 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 4.1%

Shares of NYSE:BLDR opened at $122.49 on Friday. 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 52-week low of $102.60 and a 52-week high of $201.53. The company has a 50 day moving average of $133.40 and a two-hundred day moving average of $124.14. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 13.71 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter last year, the company earned $3.50 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday. Robert W. Baird downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. KeyCorp set a $145.00 target price on shares of Builders FirstSource in a research report on Wednesday, October 1st. Finally, Baird R W downgraded shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Ten 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $147.29.

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.