Oppenheimer Asset Management Inc. Sells 1,958 Shares of Builders FirstSource, Inc. $BLDR

Oppenheimer Asset Management Inc. cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 25.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,608 shares of the company’s stock after selling 1,958 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Builders FirstSource were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. IMA Advisory Services Inc. bought a new position in Builders FirstSource during the 1st quarter worth approximately $31,000. AlphaQuest LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $67,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after acquiring an additional 109 shares in the last quarter. Finally, New Age Alpha Advisors LLC boosted its stake in Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Up 4.1%

Shares of BLDR stock opened at $116.27 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The company’s fifty day moving average price is $129.37 and its 200-day moving average price is $124.12. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 12.90 and a beta of 1.62. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $194.36.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the company earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BLDR. The Goldman Sachs Group dropped their target price on Builders FirstSource from $147.00 to $146.00 in a report on Friday. Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a report on Friday, August 1st. KeyCorp set a $145.00 target price on Builders FirstSource in a report on Wednesday, October 1st. Finally, Robert W. Baird set a $135.00 target price on Builders FirstSource in a report on Friday. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus target price of $139.25.

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.