Hennessy Advisors Inc. Trims Stock Position in Builders FirstSource, Inc. $BLDR

Hennessy Advisors Inc. lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,100 shares of the company’s stock after selling 300 shares during the period. Hennessy Advisors Inc.’s holdings in Builders FirstSource were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BLDR. IMA Advisory Services Inc. purchased a new position in shares of Builders FirstSource during the first quarter worth $31,000. CX Institutional purchased a new position in shares of Builders FirstSource during the first quarter worth $45,000. Mather Group LLC. raised its holdings in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares during the last quarter. Smartleaf Asset Management LLC raised 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 purchasing an additional 109 shares during the last quarter. Finally, New Age Alpha Advisors LLC raised its holdings in shares of 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 purchasing an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLDR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $134.00 price objective on shares of Builders FirstSource in a report on Friday, August 1st. DA Davidson cut their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $132.00 to $129.00 in a report on Friday, August 1st. Finally, Zelman & Associates reaffirmed an “underperform” rating on shares of Builders FirstSource in a report on Friday, July 18th. Eleven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $151.50.

Builders FirstSource Stock Up 0.7%

BLDR stock opened at $128.67 on Friday. The stock has a market capitalization of $14.22 billion, a P/E ratio of 19.52, a P/E/G ratio of 14.39 and a beta of 1.62. The firm has a 50-day simple moving average of $133.79 and a 200-day simple moving average of $124.23. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $201.53.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.