Sequoia Financial Advisors LLC Sells 258 Shares of Builders FirstSource, Inc. $BLDR

Sequoia Financial Advisors LLC lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,730 shares of the company’s stock after selling 258 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Builders FirstSource were worth $202,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $31,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after acquiring an additional 98 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after acquiring an additional 109 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in shares of Builders FirstSource by 22.8% during the 1st 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 position in shares of Builders FirstSource by 363.9% during the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock valued at $90,000 after acquiring an additional 564 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $124.09 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The business’s 50 day simple moving average is $131.61 and its two-hundred day simple moving average is $124.10. The stock has a market capitalization of $13.72 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 13.72 and a beta of 1.62. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $194.36.

Builders FirstSource (NYSE:BLDR) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BLDR. Zelman & Associates reiterated an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. Stifel Nicolaus boosted their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. DA Davidson dropped their target price on Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Finally, KeyCorp set a $145.00 target price on Builders FirstSource in a research report on Wednesday, October 1st. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.19.

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.