Brave Warrior Advisors LLC Takes $155.12 Million Position in Builders FirstSource, Inc. $BLDR

Key Points

• Brave Warrior Advisors LLC acquired a new stake in Builders FirstSource, Inc., purchasing 1,241,578 shares valued at approximately $155 million, making it the 14th largest position in their portfolio.
• Multiple institutional investors increased their stakes, with 95.53% of Builders FirstSource's stock now owned by institutions, indicating strong institutional interest.
• Wall Street analysts show a consensus rating of “Moderate Buy” for Builders FirstSource, with a price target averaging $154.44, despite some recent downgrades from various firms.

Brave Warrior Advisors LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,241,578 shares of the company's stock, valued at approximately $155,123,000. Builders FirstSource accounts for about 3.6% of Brave Warrior Advisors LLC's holdings, making the stock its 14th biggest position. Brave Warrior Advisors LLC owned about 1.12% of Builders FirstSource at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Builders FirstSource by 18.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock valued at $2,500,000 after buying an additional 3,131 shares during the period. Stephens Inc. AR lifted its holdings in shares of Builders FirstSource by 42.5% in the first quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock valued at $368,000 after buying an additional 877 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Builders FirstSource by 41.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after buying an additional 2,216 shares during the period. Altus Wealth Group LLC lifted its holdings in shares of Builders FirstSource by 11.2% in the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after buying an additional 4,549 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in shares of Builders FirstSource in the first quarter valued at $1,012,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Up 4.0%

NYSE:BLDR traded up $5.78 during trading hours on Friday, hitting $149.05. 2,472,223 shares of the company's stock traded hands, compared to its average volume of 1,863,369. The firm has a market cap of $16.48 billion, a P/E ratio of 22.62, a P/E/G ratio of 15.17 and a beta of 1.61. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The stock's fifty day moving average price is $133.20 and its two-hundred day moving average price is $124.92.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BLDR. DA Davidson cut their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Stifel Nicolaus boosted their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource 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.