Ritholtz Wealth Management Lowers Position in Builders FirstSource, Inc. $BLDR

Ritholtz Wealth Management reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 16.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 25,257 shares of the company’s stock after selling 5,076 shares during the quarter. Ritholtz Wealth Management’s holdings in Builders FirstSource were worth $2,947,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Auxano Advisors LLC grew its stake in shares of Builders FirstSource by 3.8% during 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 during the period. Mather Group LLC. grew its stake in shares of 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 acquiring an additional 98 shares during the period. Deseret Mutual Benefit Administrators grew its stake in shares of Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock worth $153,000 after acquiring an additional 99 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of 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 acquiring an additional 109 shares during the period. Finally, Horizon Investments LLC grew its stake in shares of Builders FirstSource by 5.5% during the 1st quarter. Horizon Investments LLC now owns 2,205 shares of the company’s stock worth $275,000 after acquiring an additional 114 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on BLDR. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Robert W. Baird downgraded Builders FirstSource from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Stifel Nicolaus raised their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Ten investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $147.29.

Builders FirstSource Stock Performance

Shares of BLDR opened at $126.32 on Thursday. The company has a market cap of $13.96 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 14.34 and a beta of 1.62. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The stock has a 50-day moving average price of $133.06 and a 200-day moving average price of $124.13. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $201.53.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during 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 company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

About Builders FirstSource

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.