Builders FirstSource, Inc. $BLDR Stake Cut by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 52.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,388 shares of the company’s stock after selling 7,046 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Builders FirstSource were worth $745,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brave Warrior Advisors LLC acquired a new position in shares of Builders FirstSource in the 1st quarter valued at about $155,123,000. Wellington Management Group LLP lifted its holdings in Builders FirstSource by 42.6% in 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 last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Builders FirstSource by 957.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock worth $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after acquiring an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 16.8% in 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. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Up 0.7%

NYSE:BLDR opened at $128.67 on Friday. The business’s fifty day moving average price is $133.79 and its 200 day moving average price is $124.23. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 14.39 and a beta of 1.62. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates 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 was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BLDR shares. Robert W. Baird lowered Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $145.00 to $130.00 in a research report on Friday, August 1st. DA Davidson cut their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a research report on Wednesday. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an “outperform” rating in a report on Thursday, July 10th. Finally, Stifel Nicolaus lifted their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $151.50.

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.