Assenagon Asset Management S.A. Cuts Stock Position in Builders FirstSource, Inc. $BLDR

Assenagon Asset Management S.A. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 47.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,930 shares of the company’s stock after selling 15,443 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Builders FirstSource were worth $1,976,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GTS Securities LLC increased its stake in Builders FirstSource by 136.5% during the fourth quarter. GTS Securities LLC now owns 2,577 shares of the company’s stock worth $368,000 after purchasing an additional 9,639 shares during the period. Toronto Dominion Bank increased its stake in Builders FirstSource by 13.0% during the 4th quarter. Toronto Dominion Bank now owns 44,898 shares of the company’s stock worth $6,417,000 after buying an additional 5,170 shares during the period. Mackenzie Financial Corp lifted its holdings in Builders FirstSource by 35.2% during the 4th quarter. Mackenzie Financial Corp now owns 14,002 shares of the company’s stock worth $2,001,000 after buying an additional 3,647 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Builders FirstSource in the 4th quarter valued at approximately $6,511,000. Finally, 111 Capital acquired a new position in shares of Builders FirstSource in the fourth quarter worth $356,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 1.9%

Shares of NYSE:BLDR opened at $116.96 on Friday. The firm has a 50 day simple moving average of $134.55 and a 200-day simple moving average of $124.42. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $201.53. 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 company has a market capitalization of $12.93 billion, a PE ratio of 17.75, a P/E/G ratio of 12.63 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR) last posted 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 business 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 business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLDR. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an “outperform” rating in a research report on Thursday, July 10th. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Zelman & Associates restated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Finally, Wedbush reiterated a “neutral” rating and issued a $145.00 price target on shares of Builders FirstSource in a research note on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $151.88.

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.