Wright Investors Service Inc. Has $349,000 Position in Builders FirstSource, Inc. $BLDR

Key Points

• Wright Investors Service Inc. decreased its position in Builders FirstSource by 54.4% in the second quarter, selling 3,567 shares and leaving them with a total of 2,993 shares worth approximately $349,000.
• Multiple institutional investors increased their stakes in Builders FirstSource, with Cambridge Investment Research Advisors Inc. raising its stake by 18.5% and Stephens Inc. AR increasing theirs by 42.5% during the first quarter.
• Builders FirstSource reported $2.38 earnings per share for the last quarter, slightly beating analysts' estimates, although its revenue fell 5.0% year-over-year, totaling $4.23 billion.

Wright Investors Service Inc. lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 54.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,993 shares of the company's stock after selling 3,567 shares during the quarter. Wright Investors Service Inc.'s holdings in Builders FirstSource were worth $349,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BLDR. Brave Warrior Advisors LLC bought a new position in shares of Builders FirstSource in the first quarter worth approximately $155,123,000. Wellington Management Group LLP lifted its stake in Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after acquiring an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC lifted its stake 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 acquiring an additional 478,942 shares during the period. Voya Investment Management LLC lifted its position in Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock valued at $229,809,000 after buying an additional 423,891 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in 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 buying an additional 326,923 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 1.8%

NYSE BLDR traded down $2.25 during trading hours on Monday, hitting $121.90. 2,811,298 shares of the company were exchanged, compared to its average volume of 1,980,884. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 13.15 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, Inc. has a 52-week low of $102.60 and a 52-week high of $201.79. The company has a 50 day moving average of $135.18 and a two-hundred day moving average of $124.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business posted $3.50 EPS. The company's revenue for the quarter was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on BLDR. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a research report on Friday, August 1st. Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, 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. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $151.88.

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.