Coldstream Capital Management Inc. Has $632,000 Stake in Builders FirstSource, Inc. $BLDR

Coldstream Capital Management Inc. reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,419 shares of the company’s stock after selling 474 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Builders FirstSource were worth $632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smithfield Trust Co increased its position in shares of Builders FirstSource by 187.7% during the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after purchasing an additional 274 shares in the last quarter. AlphaQuest LLC bought a new stake in Builders FirstSource during the second quarter worth about $67,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 109 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after acquiring an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Builders FirstSource by 363.9% in the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after acquiring an additional 564 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research analyst reports. Wedbush reiterated a “neutral” rating and issued a $145.00 price objective on shares of Builders FirstSource in a research report on Monday, September 15th. BMO Capital Markets lowered their target price on Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Benchmark lifted their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $147.00 to $146.00 in a report on Friday, October 31st. Finally, Stifel Nicolaus lowered their price objective on shares of Builders FirstSource from $128.00 to $124.00 in a research report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $136.92.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $111.82 on Thursday. The business’s 50-day simple moving average is $116.48 and its 200 day simple moving average is $122.86. 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 $12.36 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a 12-month low of $94.35 and a 12-month high of $189.74.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.19. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 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 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.