Builders FirstSource, Inc. $BLDR Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC reduced its stake in Builders FirstSource by 41.5%, now holding 13,848 shares valued at approximately $1.73 million.
• The stock has shown a market cap of $15.97 billion and has a PE ratio of 21.92, reflecting investor interest despite a 5% revenue decline compared to the same quarter last year.
• Analysts have a consensus rating of "Moderate Buy" for Builders FirstSource, with eleven analysts rating the stock as a Buy and an average price target of $154.44.

HighTower Advisors LLC lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 41.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,848 shares of the company's stock after selling 9,840 shares during the quarter. HighTower Advisors LLC's holdings in Builders FirstSource were worth $1,730,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Eagle Global Advisors LLC grew its stake in Builders FirstSource by 3.3% in the 1st quarter. Eagle Global Advisors LLC now owns 50,255 shares of the company's stock valued at $6,279,000 after acquiring an additional 1,585 shares during the period. Barnett & Company Inc. grew its stake in Builders FirstSource by 16.1% in the 1st quarter. Barnett & Company Inc. now owns 4,683 shares of the company's stock valued at $585,000 after acquiring an additional 650 shares during the period. CCM Investment Group LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at $1,602,000. Nuveen LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at $36,339,000. Finally, King Luther Capital Management Corp grew its stake in Builders FirstSource by 6.0% in the 1st quarter. King Luther Capital Management Corp now owns 12,221 shares of the company's stock valued at $1,527,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLDR. Stephens dropped their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. UBS Group dropped their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. DA Davidson decreased their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Raymond James Financial restated an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource Trading Down 1.0%

NYSE BLDR traded down $1.41 during trading on Friday, hitting $138.73. The stock had a trading volume of 1,345,910 shares, compared to its average volume of 2,230,695. The company has a market capitalization of $15.34 billion, a PE ratio of 21.05, a PEG ratio of 14.84 and a beta of 1.68. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm has a 50 day moving average price of $130.85 and a 200 day moving average price of $125.30. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14.

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, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.