Builders FirstSource, Inc. $BLDR Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,100 shares of the company’s stock after selling 300 shares during the quarter. Hennessy Advisors Inc.’s holdings in Builders FirstSource were worth $1,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. IMA Advisory Services Inc. acquired a new position in Builders FirstSource during the first quarter worth about $31,000. CX Institutional acquired a new position in Builders FirstSource in the 1st quarter valued at about $45,000. Mather Group LLC. boosted its holdings in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on BLDR. Barclays decreased their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a report on Saturday, September 27th. Finally, Stifel Nicolaus boosted their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $151.50.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $128.67 on Friday. The company’s 50 day simple moving average is $133.79 and its 200-day simple moving average is $124.23. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 14.39 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. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last released 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. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business’s revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share 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.