Boston Partners Sells 517,387 Shares of Builders FirstSource, Inc. $BLDR

Boston Partners cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 32.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070,786 shares of the company’s stock after selling 517,387 shares during the period. Boston Partners owned approximately 0.97% of Builders FirstSource worth $124,992,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BLDR. Vise Technologies Inc. acquired a new position in Builders FirstSource in the second quarter valued at about $2,482,000. Grange Capital LLC acquired a new stake in Builders FirstSource during the second quarter worth about $1,380,000. Illinois Municipal Retirement Fund increased its holdings in Builders FirstSource by 3.0% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 109,032 shares of the company’s stock valued at $12,723,000 after buying an additional 3,125 shares during the period. ProShare Advisors LLC raised its position in shares of Builders FirstSource by 2.1% in the 2nd quarter. ProShare Advisors LLC now owns 27,679 shares of the company’s stock valued at $3,230,000 after buying an additional 568 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Builders FirstSource by 10.1% during the 2nd quarter. King Luther Capital Management Corp now owns 13,456 shares of the company’s stock worth $1,570,000 after acquiring an additional 1,235 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BLDR shares. Barclays decreased their price objective on shares of Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Benchmark raised their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wedbush reaffirmed a “neutral” rating and set a $145.00 price target on shares of Builders FirstSource in a report on Monday, September 15th. Vertical Research assumed coverage on shares of Builders FirstSource in a research note on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective for the company. Finally, Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Ten equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $136.92.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $111.82 on Thursday. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 12.90 and a beta of 1.60. Builders FirstSource, Inc. has a twelve month low of $94.35 and a twelve month high of $189.74. The company’s fifty day moving average is $116.48 and its 200 day moving average is $122.86. 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 issued its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 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 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.