GAMMA Investing LLC Reduces Stock Holdings in Builders FirstSource, Inc. $BLDR

GAMMA Investing LLC decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 38.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,207 shares of the company’s stock after selling 742 shares during the quarter. GAMMA Investing LLC’s holdings in Builders FirstSource were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BLDR. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Builders FirstSource by 18.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after acquiring an additional 3,131 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Builders FirstSource by 42.5% during the first quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock valued at $368,000 after acquiring an additional 877 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Builders FirstSource by 41.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock valued at $945,000 after acquiring an additional 2,216 shares in the last quarter. Altus Wealth Group LLC increased its holdings in shares of Builders FirstSource by 11.2% during the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock valued at $5,625,000 after acquiring an additional 4,549 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Builders FirstSource during the first quarter valued at $1,012,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Up 1.1%

BLDR stock opened at $119.53 on Tuesday. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $201.53. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The stock has a market cap of $13.21 billion, a P/E ratio of 18.14, a PEG ratio of 12.52 and a beta of 1.61. The business’s 50-day moving average price is $134.40 and its 200-day moving average price is $124.26.

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

Wall Street Analyst Weigh In

Several research firms recently commented on BLDR. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the stock an “outperform” rating in a report on Thursday, July 10th. Wedbush reiterated a “neutral” rating and issued a $145.00 price objective on shares of Builders FirstSource in a report on Monday, September 15th. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $151.88.

Builders FirstSource 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.