J. Safra Sarasin Holding AG Sells 6,208 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• J. Safra Sarasin Holding AG has sold 6,208 shares of Builders FirstSource, reducing its stake by 69.1% to 2,779 shares, valued at approximately $324,000.
• Institutional investors own approximately 95.53% of Builders FirstSource stock, with several firms, including Auxano Advisors and Mather Group, recently increasing their stakes.
• Builders FirstSource reported Q2 earnings of $2.38 per share, exceeding expectations, but its revenue for the quarter was down 5.0% year-over-year.

J. Safra Sarasin Holding AG reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 69.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,779 shares of the company's stock after selling 6,208 shares during the period. J. Safra Sarasin Holding AG's holdings in Builders FirstSource were worth $324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Auxano Advisors LLC increased its stake in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after purchasing an additional 91 shares in the last quarter. Mather Group LLC. increased its stake 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 purchasing an additional 98 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Builders FirstSource by 8.8% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock valued at $153,000 after purchasing an additional 99 shares in the last quarter. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 109 shares in the last quarter. Finally, Horizon Investments LLC increased its stake in Builders FirstSource by 5.5% in the first quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock valued at $275,000 after purchasing an additional 114 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Builders FirstSource in a research note on Saturday, September 27th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has a consensus rating of "Hold" and a consensus price target of $151.50.

Builders FirstSource Stock Up 0.7%

Builders FirstSource stock opened at $128.67 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $201.53. The stock has a market cap of $14.22 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 14.39 and a beta of 1.62. The firm's 50-day simple moving average is $133.79 and its 200 day simple moving average is $124.23. 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 (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share 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 analysts' expectations of $4.29 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource 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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