Banque Transatlantique SA Cuts Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Banque Transatlantique SA reduced its stake in Builders FirstSource by 4.3%, selling 6,325 shares to hold a total of 141,258 shares, valued at approximately $16.31 million.
• Several institutional investors have increased their positions in Builders FirstSource, contributing to a total institutional ownership of 95.53% of the company's stock.
• Builders FirstSource reported $2.38 earnings per share for the last quarter, exceeding analysts' estimates, despite a 5.0% decline in revenue compared to the same quarter last year.

Banque Transatlantique SA decreased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,258 shares of the company's stock after selling 6,325 shares during the quarter. Banque Transatlantique SA owned about 0.13% of Builders FirstSource worth $16,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BLDR. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $31,000. Sentry Investment Management LLC purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $40,000. CX Institutional purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $45,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after buying an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after buying an additional 109 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada cut Builders FirstSource from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $132.00 to $129.00 in a research report on Friday, August 1st. Stifel Nicolaus lifted their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, DA Davidson cut their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Eleven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Trading Up 4.0%

BLDR stock traded up $5.78 during trading on Friday, hitting $149.05. 2,472,223 shares of the company traded hands, compared to its average volume of 1,863,369. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. 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 company has a 50-day moving average of $133.20 and a 200-day moving average of $124.79. The firm has a market capitalization of $16.48 billion, a PE ratio of 22.62, a P/E/G ratio of 15.80 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results 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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The business's revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts predict 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.