UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• UBS Asset Management cut its Builders FirstSource stake by 41.1% in the second quarter, selling 211,734 shares and retaining 303,482 shares valued at approximately $27.2 million.
• Builders FirstSource reported weaker quarterly results, with EPS of $1.17 missing estimates of $1.25 and revenue falling 8.8% year over year to $3.86 billion. The stock opened at $64.14, near its 52-week low of $62.31.
• Analysts remain mixed but generally cautious: the stock has an average “Hold” rating and a consensus price target of $90.35, despite several firms maintaining Buy or Outperform ratings after reducing their targets.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 41.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 303,482 shares of the company's stock after selling 211,734 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Builders FirstSource worth $27,156,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company's stock worth $26,000 after buying an additional 132 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the second quarter worth approximately $38,000. Sunbelt Securities Inc. raised its stake in Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company's stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $64.14 on Friday. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 70.48, a price-to-earnings-growth ratio of 2.05 and a beta of 1.41. Builders FirstSource, Inc. has a 1-year low of $62.31 and a 1-year high of $151.03. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $73.52 and a 200-day simple moving average of $80.85.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business had revenue of $3.86 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. Builders FirstSource's revenue for the quarter was down 8.8% compared to the same quarter last year. On average, analysts expect that Builders FirstSource, Inc. will post 3.15 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark lowered their target price on shares of Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, July 23rd. Truist Financial decreased their price target on shares of Builders FirstSource from $115.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada lowered their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an "outperform" rating on the stock in a research report on Friday, July 31st. Oppenheimer dropped their price objective on shares of Builders FirstSource from $110.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Finally, Wolfe Research upgraded shares of Builders FirstSource to a "hold" rating in a report on Thursday, May 14th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Hold" and an average target price of $90.35.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company's core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.

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