MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 84,061 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Builders FirstSource by 9.8%, owning approximately 0.70% of the company, valued at $97 million.
• Builders FirstSource stock has experienced a 4.0% increase and has a market capitalization of $16.48 billion, with a P/E ratio of 22.62.
• The company reported $2.38 EPS for the latest quarter, surpassing analysts' expectations, but its revenue of $4.23 billion fell short of estimates, marking a 5.0% year-over-year decline.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 776,929 shares of the company's stock after selling 84,061 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.70% of Builders FirstSource worth $97,069,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IMA Advisory Services Inc. acquired a new stake in shares of Builders FirstSource in the first quarter valued at about $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $40,000. CX Institutional bought a new stake in shares of Builders FirstSource during the 1st quarter valued at about $45,000. Mather Group LLC. boosted its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. DA Davidson cut their target price 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. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a research note on Friday, August 1st. Robert W. Baird downgraded Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $0.23 during mid-day trading on Wednesday, reaching $140.22. 1,571,025 shares of the company were exchanged, compared to its average volume of 1,964,632. The stock has a market capitalization of $15.50 billion, a PE ratio of 21.28, a PEG ratio of 15.66 and a beta of 1.61. The company's 50 day moving average price is $134.09 and its 200 day moving average price is $124.83. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. 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 - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm's revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts forecast 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.