Builders FirstSource, Inc. $BLDR Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 84.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 877 shares of the company’s stock after selling 4,655 shares during the quarter. Interchange Capital Partners LLC’s holdings in Builders FirstSource were worth $102,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Auxano Advisors LLC grew its position in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock worth $310,000 after acquiring an additional 91 shares in the last quarter. Mather Group LLC. grew its position in shares of Builders FirstSource by 19.7% in the 1st 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. Deseret Mutual Benefit Administrators lifted its holdings in shares of Builders FirstSource by 8.8% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock worth $153,000 after purchasing an additional 99 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 purchasing an additional 109 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Builders FirstSource by 5.5% in the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BLDR shares. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the stock an “outperform” rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $134.00 price target on shares of Builders FirstSource in a report on Friday, August 1st. Robert W. Baird downgraded 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. DA Davidson cut their price target on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Finally, Stifel Nicolaus raised their price target on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Hold” and an average price target of $147.29.

Builders FirstSource Stock Up 6.0%

Shares of Builders FirstSource stock opened at $127.97 on Wednesday. The business’s fifty day moving average price is $133.15 and its two-hundred day moving average price is $124.11. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The company has a market capitalization of $14.15 billion, a P/E ratio of 19.42, a PEG ratio of 13.51 and a beta of 1.62. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.