Builders FirstSource, Inc. $BLDR Holdings Lifted by Wedge Capital Management L L P NC
Wedge Capital Management L L P NC increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 16.6% in Q2, now owning 67,883 shares valued at approximately $7.92 million. Other institutional investors also acquired shares, with hedge funds holding 95.53% of the company. Builders FirstSource's stock recently opened at $123.98, down 3.8%, with a market cap of $13.71 billion. The company reported Q2 earnings of $2.38 EPS, beating estimates, but revenue fell 5% year-over-year. Analysts have mixed ratings, with an average price target of $151.88.
Wedge Capital Management L L P NC raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,883 shares of the company's stock after purchasing an additional 9,664 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.06% of Builders FirstSource worth $7,921,000 at the end of the most recent quarter.
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A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the first quarter valued at about $31,000. Sentry Investment Management LLC purchased a new position in Builders FirstSource in the first quarter valued at about $40,000. CX Institutional purchased a new position in Builders FirstSource in the first quarter valued at about $45,000. Mather Group LLC. grew its stake in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.
Builders FirstSource Stock Down 3.8%
Shares of BLDR opened at $123.98 on Friday. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 13.15 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The business's fifty day moving average price is $135.18 and its two-hundred day moving average price is $124.76. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $201.79.
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Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently issued reports on BLDR shares. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Stifel Nicolaus upped their price target on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Barclays decreased their price target 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. Finally, Oppenheimer set a $155.00 price target on Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has an average rating of "Hold" and an average price target of $151.88.
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Builders FirstSource Company Profile
(Free Report)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.
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