Builders FirstSource, Inc. $BLDR Shares Sold by Fisher Asset Management LLC

Key Points

• Fisher Asset Management cut its stake in Builders FirstSource by 84.7% in Q3, selling 123,394 shares and retaining 22,361 shares valued at about $2.71 million.
• Builders FirstSource missed quarterly expectations, reporting EPS of $1.12 versus $1.30 expected and revenue down 12.1% year‑over‑year to $3.36 billion; the stock trades near $95 with a 52‑week range of $94.17–$151.03.
• Wall Street sentiment is mixed with an average rating of Hold and an average price target of $127.81 after several firms cut targets, while institutional ownership remains high at 95.53% amid notable portfolio shifts (e.g., Tran Capital’s large addition).

Fisher Asset Management LLC lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 84.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,361 shares of the company's stock after selling 123,394 shares during the quarter. Fisher Asset Management LLC's holdings in Builders FirstSource were worth $2,711,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tran Capital Management L.P. raised its holdings in Builders FirstSource by 2,930.4% during the third quarter. Tran Capital Management L.P. now owns 102,154 shares of the company's stock worth $12,386,000 after purchasing an additional 98,783 shares during the last quarter. Strs Ohio increased its position in shares of Builders FirstSource by 24.0% in the third quarter. Strs Ohio now owns 118,594 shares of the company's stock valued at $14,380,000 after buying an additional 22,926 shares in the last quarter. Seizert Capital Partners LLC raised its stake in shares of Builders FirstSource by 0.9% during the 2nd quarter. Seizert Capital Partners LLC now owns 300,990 shares of the company's stock worth $35,123,000 after buying an additional 2,799 shares during the last quarter. M&G PLC purchased a new stake in shares of Builders FirstSource in the 2nd quarter worth about $9,002,000. Finally, Vise Technologies Inc. acquired a new stake in Builders FirstSource in the 2nd quarter valued at about $2,482,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Builders FirstSource in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $117.00 to $102.00 and set a "hold" rating for the company in a research note on Monday, February 23rd. Robert W. Baird reduced their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 18th. UBS Group dropped their price target on Builders FirstSource from $166.00 to $143.00 and set a "buy" rating for the company in a research report on Tuesday, January 6th. Finally, Barclays reduced their price objective on Builders FirstSource from $136.00 to $124.00 and set an "overweight" rating on the stock in a research report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $127.81.

Builders FirstSource Trading Down 0.6%

Shares of Builders FirstSource stock opened at $95.41 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $94.17 and a fifty-two week high of $151.03. The business's fifty day moving average is $114.35 and its two-hundred day moving average is $118.20. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.55 billion, a PE ratio of 24.59, a P/E/G ratio of 2.32 and a beta of 1.56.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a net margin of 2.87% and a return on equity of 17.89%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The business's revenue for the quarter was down 12.1% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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