Builders FirstSource, Inc. $BLDR Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 14.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 640,858 shares of the company’s stock after purchasing an additional 82,588 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.58% of Builders FirstSource worth $80,069,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in Builders FirstSource in the first quarter worth about $31,000. Sentry Investment Management LLC acquired a new position in Builders FirstSource in the first quarter worth about $40,000. CX Institutional acquired a new position in Builders FirstSource in the first quarter worth about $45,000. Mather Group LLC. grew its stake in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after purchasing an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Builders FirstSource by 21.0% in 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 in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. Wedbush decreased their price target on Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, June 20th. DA Davidson lowered their target price on 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 lowered Builders FirstSource from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an “outperform” rating in a report on Thursday, July 10th. 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, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.44.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $142.74 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $135.07 and a 200-day simple moving average of $124.89. The company has a market cap of $15.78 billion, a PE ratio of 21.66, a P/E/G ratio of 15.52 and a beta of 1.61. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities 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.