Cerity Partners Adds $7M in Builders FirstSource, Inc. ($BLDR)
Cerity Partners raised its holdings in Builders FirstSource by 39.3% as per its latest SEC filing.
Key Points
- Cerity Partners increased its stake in Builders FirstSource by 39.3%, adding 74,129 shares and reaching a total of 262,621 shares valued at $22.43 million.
- Shares of Builders FirstSource traded near $85.41 on Thursday, with a market cap of approximately $8.32 billion and a P/E ratio of 29.5.
- Insiders at Builders FirstSource were active, with several buying and selling shares, while analysts maintained various ratings with price targets ranging from $84 to $122.
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Cerity Partners has significantly boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR), according to its latest 13F filing with the SEC. The firm increased its position by 39.3%, adding 74,129 shares. This brings its total to 262,621 shares, valued at approximately $22.43 million, as of the reporting period.
Cerity Partners vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Cerity Partners' Builders FirstSource Position
Cerity Partners raised its stake in Builders FirstSource by 39.3%, moving from 188,492 shares to 262,621 shares. This increase of 74,129 shares reflects a strong interest in the company, with the total value of the position now standing at around $22.43 million.
Other Institutional Activity in Builders FirstSource
Several other institutional investors also adjusted their holdings in Builders FirstSource. BlackRock, Inc. reduced its position by 115,136 shares, leaving it with 8,761,277 shares valued at about $721.32 million, marking a 1.3% decrease. Vanguard Capital Management LLC opened a new position with 7,027,074 shares worth approximately $578.54 million. State Street Corp added 11,970 shares, bringing its total to 5,120,090 shares valued at $421.54 million, a modest 0.2% increase. Wellington Management Group LLP increased its holdings by 362,660 shares, totaling 3,679,457 shares valued at $302.93 million, a 10.9% increase. Dimensional Fund Advisors LP also added 325,935 shares, ending with 2,967,744 shares valued at $244.30 million, a 12.3% increase.
Builders FirstSource, Inc. Stock Up 32.1%
Shares of Builders FirstSource traded near $85.41 on Thursday. The company boasts a market cap of approximately $8.32 billion, with a P/E ratio of 29.5 and a forward P/E of 13.2. Its beta is 1.45, indicating higher volatility compared to the market. The stock's 52-week range is between $65.10 and $151.03, with a 50-day moving average of $79.00 and a 200-day moving average of $103.52. Builders FirstSource maintains a current ratio of 1.76 and a quick ratio of 1.02, with a debt-to-equity ratio of 132.16.
$BLDR stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Builders FirstSource reported revenue of $14.82 billion, though it experienced a revenue decline of 10.1%. The company's net margin is 1.97%, with a return on equity of 6.96%. Earnings per share stand at $2.62. The next earnings release is scheduled for July 30, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 target cuts vs 0 raises.
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EPS & revenue
EPS missed estimates by 28.4%. Revenue beat estimates by 1.5%.
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Profit surprise
EBITDA missed by 22 percent. Operating income missed by 80 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
8 target cuts.
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Earnings quality
Gross margin down 2.2 points. Operating margin down 4.5 points. Positive free cash flow.
Earnings Call Summary
Sales fell 10 percent to $3.3 billion as single-family starts dropped 11 percent and builders reduced home size and complexity by another 10 percent versus 2019. Gross margin fell 220 basis points to 28.3 percent, hurt by lower volume, specialty product weakness, and fuel inflation costs totaling roughly $100 million for the year. The company raised its share buyback authorization to $500 million and cut $100 million in annual costs, but remains confident in long-term market share gains as competitors struggle with tighter margins.
Guidance Builders FirstSource now expects about $14.6 billion to $15.6 billion in sales for 2026, down from prior expectations. They forecast adjusted EBITDA of $1.1 billion to $1.5 billion with margins between 7.5 and 9.6 percent. For the second quarter, they guide sales of $3.75 billion to $4.05 billion and EBITDA of $300 million to $350 million. The company cited weak housing starts, lower home values, and fuel cost inflation as reasons for the reduction.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Builders FirstSource, Inc.
Insider activity at Builders FirstSource included several transactions. On June 13, 2026, Narayan Gayatri, President of Tech & Digital, sold 2,842 shares at an average price of $77.77. Earlier, COO-Designate Michael Hiller sold 900 shares on June 4, 2026. On June 1, 2026, insiders Maria Renz, Paul Levy, and Cory Jacobs Boydston each purchased shares at $76.26.
Analysts Set New Price Targets
Analysts have maintained various ratings for Builders FirstSource. On May 1, 2026, UBS maintained a 'buy' rating with a $122 price target, while DA Davidson held a 'hold' rating with an $84 target. RBC Capital and Barclays both kept 'buy' ratings with targets of $107 and $93, respectively. Wells Fargo and Keybanc also maintained their ratings, with targets at $85 and $100. The consensus recommendation is a 'buy', with an average price target of approximately $97.38 from 21 analyst opinions.
About Builders FirstSource
Builders FirstSource, Inc., headquartered in Irving, Texas, supplies building materials to professional builders in the U.S. The company offers a wide range of products, including manufactured products, windows, doors, and specialty building products. It also provides services such as framing, construction design, and installation. Led by CEO Mr. Peter M. Jackson, CPA, Builders FirstSource employs around 28,000 people.
Bottom Line
Cerity Partners' decision to boost its stake in Builders FirstSource by nearly 40% suggests confidence in the company's potential. Investors often track these 13F filings to gauge institutional sentiment, though it's important to remember these filings reflect past positions and may not indicate current holdings. Builders FirstSource's stock performance and insider activities will continue to be closely watched by the market.
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