Builders FirstSource, Inc. $BLDR Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% in the second quarter, Holdings Channel.com reports. The fund owned 46,744 shares of the company’s stock after selling 595 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Builders FirstSource were worth $5,455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Invesco Ltd. lifted its holdings in Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after acquiring an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after acquiring an additional 326,923 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock valued at $280,387,000 after acquiring an additional 6,453 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after acquiring an additional 423,891 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays reduced their target price on Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, August 1st. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. Robert W. Baird downgraded Builders FirstSource from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus lifted their price target on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average price target of $145.19.

Builders FirstSource Trading Down 3.0%

NYSE:BLDR opened at $119.50 on Wednesday. The company has a market capitalization of $13.21 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 13.79 and a beta of 1.62. The stock has a fifty day simple moving average of $130.71 and a 200-day simple moving average of $124.23. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $194.36. 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 (NYSE:BLDR) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during 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 firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.