Ameriprise Financial Inc. Purchases 32,202 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Ameriprise Financial Inc. increased its stake in Builders FirstSource, Inc. by 5.6%, acquiring an additional 32,202 shares, bringing its total ownership to approximately 0.55% valued at $76.25 million.
• Analysts have adjusted their price targets for Builders FirstSource, with Barclays cutting their target from $137.00 to $135.00 and DA Davidson lowering it from $135.00 to $125.00 while the consensus rating remains a "Moderate Buy."
• Builders FirstSource recently announced a stock buyback program allowing for $500 million in share repurchases, indicating that the board believes the shares are undervalued.

Ameriprise Financial Inc. increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,317 shares of the company's stock after acquiring an additional 32,202 shares during the period. Ameriprise Financial Inc. owned approximately 0.55% of Builders FirstSource worth $76,256,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Builders FirstSource by 11.8% during the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock valued at $314,781,000 after purchasing an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after purchasing an additional 326,923 shares during the period. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock worth $280,387,000 after purchasing an additional 6,453 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Builders FirstSource by 10.2% in the 4th quarter. Northern Trust Corp now owns 1,139,775 shares of the company's stock worth $162,908,000 after purchasing an additional 105,158 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of several recent analyst reports. Robert W. Baird cut Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a 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 stock a "hold" rating in a report on Friday, August 1st. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Stephens lowered their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. 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 data from MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Trading Down 1.0%

BLDR stock traded down $1.41 during midday trading on Friday, hitting $138.73. 1,345,910 shares of the company's stock were exchanged, compared to its average volume of 2,230,695. 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 company has a market cap of $15.34 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 14.84 and a beta of 1.68. The stock's fifty day moving average price is $130.85 and its 200-day moving average price is $125.30. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14.

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

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.