Amundi Has $38.27 Million Stake in Builders FirstSource, Inc. $BLDR

Amundi reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 427,709 shares of the company's stock after selling 132,858 shares during the quarter. Amundi owned 0.40% of Builders FirstSource worth $38,271,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock worth $26,000 after acquiring an additional 132 shares during the period. Sunbelt Securities Inc. increased its holdings in Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC increased its holdings in Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock valued at $38,000 after purchasing an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Builders FirstSource in the second quarter valued at about $38,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $58.94 on Friday. The business's 50 day moving average price is $71.04 and its two-hundred day moving average price is $79.08. The company has a market cap of $6.34 billion, a PE ratio of 64.77, a price-to-earnings-growth ratio of 1.99 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $58.13 and a twelve month high of $148.91.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the business earned $2.38 earnings per share. The business's quarterly revenue was down 8.8% on a year-over-year basis. On average, analysts predict that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BLDR shares. Deutsche Bank Aktiengesellschaft set a $66.00 target price on Builders FirstSource in a research report on Friday, July 31st. Truist Financial reduced their price target on Builders FirstSource from $115.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Robert W. Baird set a $75.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Barclays lowered their price objective on shares of Builders FirstSource from $93.00 to $81.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Builders FirstSource from $85.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $90.35.

Builders FirstSource Profile

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.

Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.