Builders FirstSource (NYSE: BLDR) reported third-quarter 2026 net sales of $3.9 billion, down 2.2% from the prior-year period. GAAP net income fell to $60.4 million, or $0.56 per diluted share, from $122.4 million, or $1.10 per diluted share, a year earlier.
The company narrowed its full-year outlook while maintaining the midpoints for net sales and adjusted EBITDA. It forecast 2026 net sales of $14.2 billion to $14.6 billion and adjusted EBITDA of $1.075 billion to $1.125 billion.
- Third-quarter GAAP net sales were $3.854 billion, compared with $3.941 billion a year earlier.
- Gross profit was $1.1 billion, down 10.6%, and gross margin declined 260 basis points to 27.8%.
- SG&A expense was $973.2 million, up 0.3% year over year.
- Cash provided by operating activities was $146.6 million, while free cash flow was $76.0 million.
- Liquidity totaled $1.5 billion as of September 30, 2026, including about $1.4 billion of net revolving-credit availability.
- The company expects $60 million to $70 million in 2026 productivity savings.
$BLDR Hedge Fund Activity
We have seen 321 institutional investors add shares of $BLDR stock to their portfolio, and 416 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PICTET ASSET MANAGEMENT HOLDING SA added 2,422,744 shares (+175.8%) to their portfolio in Q2 2026, for an estimated $216,787,133
- VICTORY CAPITAL MANAGEMENT INC removed 1,689,440 shares (-83.3%) from their portfolio in Q2 2026, for an estimated $151,171,091
- D1 CAPITAL PARTNERS L.P. added 1,639,222 shares (+inf%) to their portfolio in Q2 2026, for an estimated $146,677,584
- BOSTON PARTNERS removed 1,574,234 shares (-98.2%) from their portfolio in Q2 2026, for an estimated $140,862,458
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,222,034 shares (+inf%) to their portfolio in Q2 2026, for an estimated $109,347,602
- CAPITAL INTERNATIONAL INVESTORS added 964,190 shares (+32.8%) to their portfolio in Q2 2026, for an estimated $86,275,721
- BLACKROCK, INC. removed 927,860 shares (-10.6%) from their portfolio in Q2 2026, for an estimated $83,024,912
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
