Alamea Verwaltungs GmbH Buys Shares of 2,801 Builders FirstSource, Inc. $BLDR

Key Points

• Alamea Verwaltungs GmbH invested approximately $350,000 to acquire 2,801 shares in Builders FirstSource, Inc. during the first quarter.
• Major investors, including Nomura Holdings Inc. and Canada Pension Plan Investment Board, significantly increased their holdings, contributing to institutional ownership now at 95.53% of the company's stock.
• Builders FirstSource reported $2.38 EPS for the last quarter, exceeding estimates, but experienced a 5.0% year-over-year revenue decline.

Alamea Verwaltungs GmbH acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,801 shares of the company's stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. grew its position in shares of Builders FirstSource by 122.6% during the 1st quarter. Nomura Holdings Inc. now owns 8,434 shares of the company's stock worth $1,054,000 after buying an additional 4,645 shares in the last quarter. Brasada Capital Management LP raised its stake in shares of Builders FirstSource by 2.0% in the first quarter. Brasada Capital Management LP now owns 24,053 shares of the company's stock worth $2,738,000 after purchasing an additional 465 shares during the last quarter. Baird Financial Group Inc. raised its position in Builders FirstSource by 30.4% during the first quarter. Baird Financial Group Inc. now owns 5,727 shares of the company's stock valued at $716,000 after acquiring an additional 1,336 shares in the last quarter. Vident Advisory LLC raised its position in Builders FirstSource by 158.7% during the first quarter. Vident Advisory LLC now owns 18,632 shares of the company's stock valued at $2,328,000 after acquiring an additional 11,431 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in Builders FirstSource by 20.8% in the first quarter. Canada Pension Plan Investment Board now owns 122,447 shares of the company's stock valued at $15,299,000 after purchasing an additional 21,054 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Robert W. Baird cut Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Wedbush decreased their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Finally, Stifel Nicolaus upped their target price on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $1.13 during trading hours on Wednesday, reaching $136.23. 1,385,704 shares of the company's stock were exchanged, compared to its average volume of 1,964,871. The company has a market cap of $15.06 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 14.69 and a beta of 1.61. The company's 50 day moving average is $132.02 and its two-hundred day moving average is $124.99. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

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

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.