Builders FirstSource, Inc. $BLDR Shares Bought by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its stake in Builders FirstSource by 51.7% during Q2, holding 44,561 shares valued at approximately $5.2 million.
• Builders FirstSource's stock recently fell by 2.5%, with its current price at $122.57, while it has a market cap of $13.55 billion.
• The company reported Q2 earnings of $2.38 per share, surpassing estimates, but its revenue decreased by 5.0% compared to the previous year.

Cullen Frost Bankers Inc. raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 51.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,561 shares of the company's stock after buying an additional 15,185 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Builders FirstSource were worth $5,200,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BLDR. IMA Advisory Services Inc. acquired a new position in Builders FirstSource in the first quarter valued at about $31,000. Mather Group LLC. lifted its position in Builders FirstSource by 19.7% in 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. Smartleaf Asset Management LLC lifted its position in Builders FirstSource by 21.0% in 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. New Age Alpha Advisors LLC lifted its position in Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after buying an additional 119 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in Builders FirstSource by 363.9% in the first quarter. Brooklyn Investment Group now owns 719 shares of the company's stock valued at $90,000 after buying an additional 564 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Down 2.5%

BLDR stock opened at $122.57 on Thursday. The company's 50 day moving average price is $131.90 and its 200 day moving average price is $124.07. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $194.36. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.07 and a beta of 1.62.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results 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 firm had revenue of $4.23 billion for 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 business's quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on BLDR shares. Vertical Research started coverage on shares of Builders FirstSource in a research report on Monday. They issued a "sell" rating and a $109.41 target price on the stock. Barclays reduced their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Wedbush reissued a "neutral" rating and set a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Finally, Royal Bank Of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $145.19.

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.

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