Westbourne Investments Inc. Cuts Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Westbourne Investments Inc. has reduced its stake in Builders FirstSource, Inc. by 38.0%, holding 7,194 shares valued at approximately $899,000 after selling 4,400 shares in the first quarter.
• Major institutional investments in Builders FirstSource include new stakes by IMA Advisory Services Inc. ($31,000), Sentry Investment Management LLC ($40,000), and CX Institutional ($45,000) in Q1.
• Wall Street analysts have downgraded Builders FirstSource's ratings, with an average target price drop, but it still holds a consensus rating of "Moderate Buy" with a target price of $154.44.

Westbourne Investments Inc. decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,194 shares of the company's stock after selling 4,400 shares during the period. Westbourne Investments Inc.'s holdings in Builders FirstSource were worth $899,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BLDR. IMA Advisory Services Inc. bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $40,000. CX Institutional bought a new stake in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Mather Group LLC. raised its position in shares of 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 during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of 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 during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $3.82 during mid-day trading on Friday, hitting $142.74. 1,239,132 shares of the stock traded hands, compared to its average volume of 1,772,723. The business's 50-day moving average price is $135.07 and its 200 day moving average price is $124.89. The company has a market cap of $15.78 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 15.52 and a beta of 1.61. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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 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%. Builders FirstSource's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BLDR shares. Wedbush lowered their price target 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. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Stifel Nicolaus boosted their price target on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

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.