US Bancorp DE Has $1.53 Million Position in Builders FirstSource, Inc. $BLDR

US Bancorp DE lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,122 shares of the company’s stock after selling 1,055 shares during the period. US Bancorp DE’s holdings in Builders FirstSource were worth $1,531,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Guild Investment Management Inc. grew its position in shares of Builders FirstSource by 23.8% in the 2nd quarter. Guild Investment Management Inc. now owns 19,891 shares of the company’s stock valued at $2,321,000 after buying an additional 3,827 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Builders FirstSource by 19.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 43,800 shares of the company’s stock valued at $5,111,000 after buying an additional 7,000 shares during the last quarter. KPP Advisory Services LLC grew its position in shares of Builders FirstSource by 58.6% in the 2nd quarter. KPP Advisory Services LLC now owns 5,131 shares of the company’s stock valued at $599,000 after buying an additional 1,895 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its position in shares of Builders FirstSource by 0.5% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 30,592 shares of the company’s stock valued at $3,570,000 after buying an additional 158 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its position in shares of Builders FirstSource by 732.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 19,106 shares of the company’s stock valued at $2,235,000 after buying an additional 16,810 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of analyst reports. Baird R W lowered Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. Barclays cut their target price on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus upped their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Finally, DA Davidson cut their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $147.29.

Builders FirstSource Stock Down 2.7%

Shares of NYSE:BLDR opened at $122.89 on Friday. The business’s 50 day simple moving average is $132.89 and its two-hundred day simple moving average is $124.12. The firm has a market cap of $13.59 billion, a P/E ratio of 18.65, a PEG ratio of 14.14 and a beta of 1.62. 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, Inc. has a 52-week low of $102.60 and a 52-week high of $198.75.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The business 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 company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.