APG Asset Management N.V. Has $2.75 Million Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• APG Asset Management N.V. reduced its stake in Builders FirstSource, Inc. by 20% in Q1, owning 23,770 shares valued at approximately $2.75 million after selling 5,954 shares.
• Despite the reduction by APG, several institutional investors increased their holdings significantly during the last quarter, with the highest being Quarry LP, which boosted its stake by 290%.
• Builders FirstSource's stock has experienced price fluctuations, with a 52-week low of $102.60 and a high of $203.14, and the company recently reported earnings of $2.38 per share, surpassing expectations.

APG Asset Management N.V. cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,770 shares of the company's stock after selling 5,954 shares during the quarter. APG Asset Management N.V.'s holdings in Builders FirstSource were worth $2,749,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC increased its holdings in shares of Builders FirstSource by 6.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after acquiring an additional 85 shares during the last quarter. Auxano Advisors LLC increased its holdings in shares of Builders FirstSource by 3.8% during the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock worth $310,000 after acquiring an additional 91 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Builders FirstSource by 2.3% during the 4th quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after acquiring an additional 98 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after acquiring an additional 98 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of Builders FirstSource by 8.8% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock worth $153,000 after acquiring an additional 99 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. DA Davidson reduced their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Wedbush reduced their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $134.00 price target on shares of Builders FirstSource in a research note on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock traded down $1.41 during trading on Friday, reaching $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. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14. The company has a market cap of $15.34 billion, a P/E ratio of 21.05, a PEG ratio of 14.84 and a beta of 1.68. The firm's 50-day moving average price is $130.85 and its 200 day moving average price is $125.30.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS 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 company had revenue of $4.23 billion during the quarter, compared to analysts' expectations 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. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource 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.