Rafferty Asset Management LLC Cuts Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Rafferty Asset Management LLC has reduced its stake in Builders FirstSource, Inc. by 3.9%, now owning 43,977 shares valued at approximately $5.49 million.
• Several institutional investors have increased their investments in Builders FirstSource, with Caisse DE Depot ET Placement DU Quebec boosting its position by 283% during the same period.
• Builders FirstSource reported earnings per share of $2.38 for the last quarter, exceeding the analyst consensus estimate by $0.03, though revenue declined 5% year-over-year.

Rafferty Asset Management LLC lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,977 shares of the company's stock after selling 1,800 shares during the quarter. Rafferty Asset Management LLC's holdings in Builders FirstSource were worth $5,494,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings 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. Kovitz Investment Group Partners LLC grew its holdings in Builders FirstSource by 957.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after purchasing an additional 478,942 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Builders FirstSource by 16.8% in the 1st 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 last quarter. Coliseum Capital Management LLC acquired a new position in shares of Builders FirstSource in the fourth quarter valued at about $45,334,000. Finally, Nuveen LLC acquired a new stake in shares of Builders FirstSource in the first quarter worth $36,339,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 1.1%

Shares of NYSE BLDR traded down $1.50 during mid-day trading on Tuesday, hitting $137.19. The company had a trading volume of 964,399 shares, compared to its average volume of 1,967,770. The company has a market capitalization of $15.17 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 14.69 and a beta of 1.61. The firm has a 50-day simple moving average of $131.24 and a two-hundred day simple moving average of $124.82. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the company earned $3.50 EPS. The firm's 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 analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus upped their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday, August 1st. BMO Capital Markets cut their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Finally, Wedbush decreased their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $154.44.

About Builders FirstSource

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.