Builders FirstSource, Inc. $BLDR Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,555,323 shares of the company’s stock after selling 808,652 shares during the quarter. Vanguard Group Inc. owned about 11.36% of Builders FirstSource worth $1,465,081,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smithfield Trust Co increased its position in shares of Builders FirstSource by 187.7% during the 2nd quarter. Smithfield Trust Co now owns 420 shares of the company’s stock valued at $49,000 after purchasing an additional 274 shares during the period. AlphaQuest LLC bought a new position in Builders FirstSource during the second quarter valued at about $67,000. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 109 shares during the period. New Age Alpha Advisors LLC raised its position in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock worth $80,000 after acquiring an additional 119 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Builders FirstSource by 363.9% in 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. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent research reports. Stephens lowered their price objective on shares of Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a report on Monday, November 3rd. BMO Capital Markets dropped their price target on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Finally, DA Davidson decreased their target price on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $136.92.

Builders FirstSource Trading Up 6.9%

Builders FirstSource stock opened at $101.42 on Friday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $194.36. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 12.90 and a beta of 1.60. The company has a 50 day moving average price of $118.19 and a 200 day moving average price of $122.91.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.86 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.07 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts forecast 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.