Adage Capital Partners GP L.L.C. Decreases Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Builders FirstSource, Inc. by 35.4%, owning 69,442 shares after selling 38,058 shares in the first quarter.
• Wellington Management Group LLP significantly increased its position in Builders FirstSource by 42.6%, now holding over 3.2 million shares valued at approximately $401.9 million.
• Builders FirstSource reported earnings of $2.38 per share, beating estimates but showed a 5% revenue decline year-over-year, with current FY 2025 EPS guidance pending.

Adage Capital Partners GP L.L.C. decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 35.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,442 shares of the company's stock after selling 38,058 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.06% of Builders FirstSource worth $8,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the first quarter worth $31,000. Sentry Investment Management LLC purchased a new position in Builders FirstSource in the first quarter worth $40,000. CX Institutional purchased a new position in Builders FirstSource in the first quarter worth $45,000. Mather Group LLC. grew its holdings in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after purchasing an additional 109 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $0.23 during trading on Wednesday, hitting $140.22. 1,571,585 shares of the company's stock were exchanged, compared to its average volume of 1,964,640. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 15.66 and a beta of 1.61. 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 business has a 50-day simple moving average of $134.09 and a 200-day simple moving average of $124.83. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BLDR. Barclays cut their price target on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Friday, August 1st. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a research note on Friday, August 1st. DA Davidson lowered their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Finally, Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $154.44.

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.