Builders FirstSource, Inc. $BLDR Stock Holdings Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 82.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,928 shares of the company’s stock after selling 47,487 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Builders FirstSource were worth $1,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. IMA Advisory Services Inc. bought a new stake in Builders FirstSource during the 1st quarter valued at $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter worth $40,000. CX Institutional bought a new stake in shares of Builders FirstSource in the 1st quarter worth $45,000. Mather Group LLC. raised its stake in shares of Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after buying an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 109 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $121.16 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53. The business has a 50-day moving average of $134.21 and a two-hundred day moving average of $124.24. The stock has a market capitalization of $13.39 billion, a P/E ratio of 18.39, a P/E/G ratio of 12.71 and a beta of 1.61. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

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, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. The firm’s revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BLDR shares. Wedbush restated a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. Stifel Nicolaus lifted their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, August 1st. DA Davidson decreased their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Baird R W cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $151.88.

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.