Vanguard Personalized Indexing Management LLC Cuts Position in Builders FirstSource, Inc. $BLDR

Vanguard Personalized Indexing Management LLC lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,770 shares of the company’s stock after selling 1,075 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Builders FirstSource were worth $1,257,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after buying an additional 3,131 shares in the last quarter. Stephens Inc. AR grew its holdings in Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company’s stock valued at $368,000 after buying an additional 877 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company’s stock valued at $945,000 after buying an additional 2,216 shares in the last quarter. Altus Wealth Group LLC grew its holdings in Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company’s stock valued at $5,625,000 after buying an additional 4,549 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Builders FirstSource by 54.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $278,000 after buying an additional 784 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BLDR. Wedbush reiterated a “neutral” rating and issued a $145.00 target price on shares of Builders FirstSource in a report on Monday, September 15th. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Wall Street Zen upgraded Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an “outperform” rating in a report on Thursday, July 10th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $147.29.

Builders FirstSource Price Performance

BLDR opened at $122.75 on Friday. The business has a fifty day moving average of $132.70 and a 200 day moving average of $124.05. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $196.47. 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 $13.57 billion, a P/E ratio of 18.63, a PEG ratio of 13.72 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) 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 company 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 business earned $3.50 EPS. Builders FirstSource’s revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS 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.