Verdence Capital Advisors LLC Has $648,000 Holdings in Builders FirstSource, Inc. $BLDR

Verdence Capital Advisors LLC cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,555 shares of the company’s stock after selling 1,119 shares during the period. Verdence Capital Advisors LLC’s holdings in Builders FirstSource were worth $648,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource during the first quarter worth $31,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the first quarter worth $45,000. Mather Group LLC. grew its stake in shares of 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 purchasing an additional 98 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 109 shares during the period. Finally, New Age Alpha Advisors LLC grew its stake in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after acquiring an additional 119 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on BLDR. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Wall Street Zen raised Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Barclays decreased their target price on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Stifel Nicolaus boosted their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Finally, Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.29.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $127.97 on Wednesday. The firm has a market cap of $14.15 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 13.51 and a beta of 1.62. The stock’s 50-day moving average is $133.15 and its 200-day moving average is $124.11. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $201.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.