Builders FirstSource, Inc. $BLDR Stake Lifted by Amundi

Key Points

• Amundi increased its stake in Builders FirstSource, Inc. by 29.0%, owning approximately $66.14 million worth of shares by the end of the first quarter.
• Other major institutional investors have also boosted their holdings, with Wellington Management increasing its stake by 42.6%, now owning shares valued at $401.95 million.
• Builders FirstSource reported $2.38 earnings per share for the latest quarter, exceeding estimates, although their revenue was down 5.0% year-over-year at $4.23 billion.

Amundi increased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,980 shares of the company's stock after purchasing an additional 124,014 shares during the quarter. Amundi owned approximately 0.50% of Builders FirstSource worth $66,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. acquired a new stake in Builders FirstSource in the 1st quarter worth about $31,000. Sentry Investment Management LLC acquired a new stake in Builders FirstSource in the 1st quarter worth about $40,000. CX Institutional acquired a new stake in Builders FirstSource in the 1st quarter worth about $45,000. Mather Group LLC. boosted its stake in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after buying an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Builders FirstSource by 21.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after purchasing an additional 109 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on BLDR. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Barclays reduced their price objective on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. DA Davidson reduced their price target 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. Finally, Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $145.00 to $130.00 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 assigned a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Stock Down 0.2%

BLDR stock traded down $0.23 during midday 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. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 15.66 and a beta of 1.61. The firm has a 50 day moving average price of $134.09 and a 200-day moving average price of $124.83.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating 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 the consensus estimate of $4.29 billion. During the same period in the previous year, the business earned $3.50 EPS. The business's quarterly revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.