American Century Companies Inc. Sells 37,542 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• American Century Companies Inc. reduced its holdings in Builders FirstSource, Inc. by 9.7%, now owning 349,709 shares valued at approximately $43.7 million.
• Several other hedge funds increased their stakes in Builders FirstSource, with significant raises of 18.5% by Cambridge Investment Research and 42.5% by Stephens Inc. AR in the same quarter.
• The company's stock recently experienced a 4.0% decline in value, while earnings per share surpassed analyst estimates at $2.38 for the last quarter.

American Century Companies Inc. reduced its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,709 shares of the company's stock after selling 37,542 shares during the quarter. American Century Companies Inc. owned approximately 0.32% of Builders FirstSource worth $43,693,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Ethic Inc. raised its holdings in Builders FirstSource by 12.1% during the first quarter. Ethic Inc. now owns 4,823 shares of the company's stock worth $606,000 after buying an additional 521 shares during the last quarter. Brandywine Global Investment Management LLC raised its holdings in Builders FirstSource by 16.8% during the first quarter. Brandywine Global Investment Management LLC now owns 366,394 shares of the company's stock worth $45,777,000 after buying an additional 52,802 shares during the last quarter. Aberdeen Group plc raised its holdings in shares of Builders FirstSource by 72.7% in the first quarter. Aberdeen Group plc now owns 79,455 shares of the company's stock valued at $9,808,000 after purchasing an additional 33,443 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Builders FirstSource by 5.5% in the first quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock valued at $275,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.4%

Shares of BLDR stock traded down $0.5860 during mid-day trading on Tuesday, reaching $141.3240. 236,500 shares of the company's stock traded hands, compared to its average volume of 1,966,694. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company has a market cap of $15.62 billion, a P/E ratio of 21.44, a P/E/G ratio of 15.30 and a beta of 1.68. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The company's 50-day moving average price is $128.30 and its 200-day moving average price is $125.29.

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

Builders FirstSource announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the subject of several analyst reports. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. UBS Group cut their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus lifted their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Wedbush dropped their target price on shares of 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, Raymond James Financial reissued an "outperform" rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.44.

About Builders FirstSource

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.