Builders FirstSource, Inc. $BLDR Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in Builders FirstSource by 71.6%, selling 545,084 shares and retaining approximately 0.20% of the company valued at $26.9 million.
• Wall Street analysts have given a consensus rating of "Moderate Buy" for Builders FirstSource, with an average price target of $154.44, following various upgrades and downgrades from different firms.
• Builders FirstSource reported a decrease in year-over-year revenue by 5.0% and an earnings per share (EPS) of $2.38, exceeding the consensus estimate of $2.35.

Jacobs Levy Equity Management Inc. lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 71.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,687 shares of the company's stock after selling 545,084 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.20% of Builders FirstSource worth $26,948,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IMA Advisory Services Inc. bought a new position in shares of Builders FirstSource during the 1st quarter worth approximately $31,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource during the 1st quarter worth approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource during the 1st quarter worth approximately $45,000. Mather Group LLC. raised its stake in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after acquiring an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after acquiring an additional 109 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

NYSE BLDR traded down $0.23 during mid-day trading on Wednesday, reaching $140.22. 1,309,284 shares of the stock were exchanged, compared to its average volume of 1,961,496. The business's 50 day moving average is $134.09 and its 200-day moving average is $124.83. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a market capitalization of $15.50 billion, a P/E ratio of 21.28, a P/E/G ratio of 15.66 and a beta of 1.61. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Stifel Nicolaus boosted their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Wedbush dropped their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Eleven research 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $154.44.

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.