Builders FirstSource, Inc. $BLDR Shares Sold by World Investment Advisors

World Investment Advisors reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 54.7% in the second quarter, HoldingsChannel.com reports. The fund owned 1,947 shares of the company’s stock after selling 2,348 shares during the quarter. World Investment Advisors’ holdings in Builders FirstSource were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wincap Financial LLC boosted its stake in Builders FirstSource by 12.9% in the second quarter. Wincap Financial LLC now owns 10,515 shares of the company’s stock valued at $1,227,000 after acquiring an additional 1,205 shares during the period. AustralianSuper Pty Ltd raised its holdings in shares of Builders FirstSource by 37.9% during the second quarter. AustralianSuper Pty Ltd now owns 420,477 shares of the company’s stock valued at $49,065,000 after buying an additional 115,505 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Builders FirstSource by 2.7% during the second quarter. Teacher Retirement System of Texas now owns 17,292 shares of the company’s stock valued at $2,018,000 after buying an additional 454 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Builders FirstSource during the second quarter valued at approximately $2,480,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Builders FirstSource by 2.7% during the second quarter. Envestnet Asset Management Inc. now owns 315,735 shares of the company’s stock valued at $36,842,000 after buying an additional 8,386 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BLDR shares. Vertical Research started coverage on Builders FirstSource in a report on Monday, October 20th. They set a “sell” rating and a $109.41 price target on the stock. 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. Royal Bank Of Canada cut Builders FirstSource from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $132.00 to $129.00 in a report on Friday, August 1st. Benchmark lifted their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday. Finally, DA Davidson cut their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.69.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $109.78 on Wednesday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 12.90 and a beta of 1.62. The stock’s 50 day moving average price is $128.13 and its 200 day moving average price is $124.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.