Oakworth Capital Inc. Sells 6,152 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Oakworth Capital Inc. has reduced its stake in Builders FirstSource, Inc. by 2.7%, now holding 222,411 shares, which represents about 1.7% of its portfolio.
• Wellington Management Group LLP significantly increased its holdings in Builders FirstSource by 42.6%, owning over 3.2 million shares valued at approximately $401.9 million.
• Recent research reports show a mix of ratings for Builders FirstSource, with ten analysts giving a Buy rating and a consensus price target of $151.88 for the stock.

Oakworth Capital Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 222,411 shares of the company's stock after selling 6,152 shares during the period. Builders FirstSource accounts for about 1.7% of Oakworth Capital Inc.'s portfolio, making the stock its 19th largest holding. Oakworth Capital Inc. owned 0.20% of Builders FirstSource worth $25,953,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of 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 acquiring an additional 960,603 shares during the period. Invesco Ltd. lifted its holdings in Builders FirstSource by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after purchasing an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after purchasing an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after purchasing an additional 6,453 shares during the period. Finally, Voya Investment Management LLC grew its holdings in Builders FirstSource by 29.9% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

BLDR has been the subject of a number of research reports. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. DA Davidson cut their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Stifel Nicolaus increased 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. Finally, Wedbush reiterated a "neutral" rating and issued a $145.00 price target on shares of Builders FirstSource in a research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $151.88.

Builders FirstSource Stock Performance

NYSE BLDR opened at $117.98 on Monday. The firm's 50 day simple moving average is $134.45 and its 200 day simple moving average is $124.31. The firm has a market capitalization of $13.04 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 12.52 and a beta of 1.61. 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, Inc. has a 1 year low of $102.60 and a 1 year high of $201.53.

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

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.

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