Metis Global Partners LLC Sells 1,960 Shares of Builders FirstSource, Inc. $BLDR

Metis Global Partners LLC lowered its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 32.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 4,123 shares of the company’s stock after selling 1,960 shares during the period. Metis Global Partners LLC’s holdings in Builders FirstSource were worth $481,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in BLDR. Wellington Management Group LLP lifted its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after purchasing an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after buying an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after acquiring an additional 6,453 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Builders FirstSource by 29.9% during the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock worth $229,809,000 after purchasing an additional 423,891 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $106.26 on Thursday. The company has a 50 day moving average of $124.46 and a 200 day moving average of $123.67. 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 stock has a market cap of $11.75 billion, a P/E ratio of 16.12, a P/E/G ratio of 12.90 and a beta of 1.61. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $194.36.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BLDR. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $132.00 to $129.00 in a report on Friday, August 1st. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 5th. Wedbush reissued a “neutral” rating and issued a $145.00 price objective on shares of Builders FirstSource in a research note on Monday, September 15th. Robert W. Baird set a $135.00 target price on shares of Builders FirstSource in a research report on Friday, October 31st. Finally, Stephens reduced their target price on shares of Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.13.

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.