Franklin Resources Inc. Sells 31,072 Shares of Builders FirstSource, Inc. $BLDR

Franklin Resources Inc. cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 30.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,361 shares of the company’s stock after selling 31,072 shares during the period. Franklin Resources Inc. owned 0.06% of Builders FirstSource worth $8,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Smithfield Trust Co raised its stake in shares of Builders FirstSource by 187.7% during the second quarter. Smithfield Trust Co now owns 420 shares of the company’s stock worth $49,000 after buying an additional 274 shares during the last quarter. AlphaQuest LLC acquired a new stake in Builders FirstSource during the 2nd quarter worth $67,000. Smartleaf Asset Management LLC raised 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 lifted its stake in shares of Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company’s stock valued at $80,000 after purchasing an additional 119 shares during the period. Finally, Brooklyn Investment Group boosted its position in shares of Builders FirstSource by 363.9% in the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company’s stock worth $90,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Builders FirstSource from $135.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Stifel Nicolaus lowered their price target on Builders FirstSource from $128.00 to $124.00 in a research note on Monday, November 3rd. Vertical Research started coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Finally, Benchmark upped their target price 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. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $136.92.

Builders FirstSource Price Performance

NYSE BLDR opened at $112.23 on Friday. 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 stock has a market cap of $12.41 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 12.90 and a beta of 1.60. The business has a 50 day simple moving average of $115.90 and a 200 day simple moving average of $122.74. Builders FirstSource, Inc. has a 52-week low of $94.35 and a 52-week high of $188.54.

Builders FirstSource (NYSE:BLDR) last released 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. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the company earned $3.07 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company 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.