QRG Capital Management Inc. Lowers Stock Position in Builders FirstSource, Inc. $BLDR

QRG Capital Management Inc. lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 62.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,617 shares of the company’s stock after selling 12,874 shares during the quarter. QRG Capital Management Inc.’s holdings in Builders FirstSource were worth $889,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the 1st quarter worth about $31,000. CX Institutional purchased a new position in Builders FirstSource in the 1st quarter worth about $45,000. Mather Group LLC. raised its position in 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 during the last quarter. Smartleaf Asset Management LLC raised its position in 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 during the last quarter. Finally, New Age Alpha Advisors LLC raised its position in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BLDR shares. KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. DA Davidson cut their price target on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Zelman & Associates restated an “underperform” rating on shares of Builders FirstSource in a research note on Friday, July 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday. Finally, Barclays cut their price target on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $147.29.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $129.58 on Thursday. The stock’s fifty day moving average is $133.55 and its 200 day moving average is $124.26. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53. The firm has a market capitalization of $14.32 billion, a PE ratio of 19.66, a PEG ratio of 14.20 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 (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Profile

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.