Chevy Chase Trust Holdings LLC Sells 1,743 Shares of Builders FirstSource, Inc. $BLDR

Chevy Chase Trust Holdings LLC cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 58,613 shares of the company’s stock after selling 1,743 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Builders FirstSource were worth $6,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its position in Builders FirstSource by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company’s stock valued at $2,500,000 after acquiring an additional 3,131 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of 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 during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 during the period. Altus Wealth Group LLC lifted its holdings in shares of 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 during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of 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 during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $122.44 on Tuesday. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $194.79. The stock’s fifty day moving average is $132.57 and its 200 day moving average is $124.07. The stock has a market cap of $13.53 billion, a P/E ratio of 18.58, a P/E/G ratio of 13.72 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 issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $3.50 EPS. Builders FirstSource’s revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and set a $145.00 price target 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 lowered their price target for the company from $132.00 to $129.00 in a report on Friday, August 1st. KeyCorp set a $145.00 price target on Builders FirstSource in a report on Wednesday, October 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $145.19.

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.