UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 82,588 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• UBS Asset Management increased its holdings in Builders FirstSource, Inc. by 14.8%, now owning 640,858 shares worth approximately $80 million.
• Analyst ratings for Builders FirstSource reflect a mix of outlooks, with a consensus rating of "Moderate Buy" and an average price target of $154.44.
• The company reported $2.38 earnings per share (EPS) for the last quarter, exceeding analyst expectations, though revenue decreased by 5% year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 14.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 640,858 shares of the company's stock after buying an additional 82,588 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.58% of Builders FirstSource worth $80,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after buying an additional 960,603 shares during the period. Invesco Ltd. boosted its stake in Builders FirstSource by 11.8% during the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after buying an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after purchasing an additional 326,923 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Builders FirstSource by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after purchasing an additional 6,453 shares during the period. Finally, Brave Warrior Advisors LLC purchased a new stake in shares of Builders FirstSource during the first quarter valued at $155,123,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BLDR shares. Royal Bank Of Canada lowered shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $132.00 to $129.00 in a research note on Friday, August 1st. DA Davidson lowered their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a research note on Friday, August 1st. Finally, Wedbush reissued a "neutral" rating and set a $145.00 target price on shares of Builders FirstSource in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $154.44.

Builders FirstSource Stock Down 1.8%

NYSE:BLDR traded down $2.50 during mid-day trading on Monday, reaching $140.23. The company's stock had a trading volume of 1,591,411 shares, compared to its average volume of 1,767,155. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The stock has a fifty day moving average of $135.38 and a 200-day moving average of $124.80. The firm has a market capitalization of $15.50 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 15.12 and a beta of 1.61. 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 released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.