Builders FirstSource, Inc. $BLDR Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Builders FirstSource, Inc. (NYSE:BLDR) by 41.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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’s holdings in Builders FirstSource were worth $27,156,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BLDR. Integrated Wealth Concepts LLC boosted its holdings in Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock valued at $432,000 after acquiring an additional 295 shares during the period. Woodline Partners LP increased its stake in Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Builders FirstSource by 180.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,582 shares of the company’s stock worth $185,000 after purchasing an additional 1,017 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Builders FirstSource by 230.7% during the second quarter. Baird Financial Group Inc. now owns 18,942 shares of the company’s stock worth $2,210,000 after purchasing an additional 13,215 shares in the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Builders FirstSource by 144.1% in the second quarter. Jump Financial LLC now owns 7,223 shares of the company’s stock valued at $843,000 after purchasing an additional 4,264 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $64.14 on Friday. The company has a market cap of $6.90 billion, a P/E ratio of 70.48, a PEG ratio of 2.05 and a beta of 1.41. The firm has a fifty day moving average price of $73.52 and a 200 day moving average price of $80.85. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a 12 month low of $62.31 and a 12 month high of $151.03.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The business had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm earned $2.38 earnings per share. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BLDR shares. Wells Fargo & Company cut their target price on shares of Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Zacks Research cut shares of Builders FirstSource from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Truist Financial cut their price objective on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. DA Davidson set a $68.00 price objective on Builders FirstSource in a research note on Friday, July 31st. Finally, Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Company Profile

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.