Banco BTG Pactual S.A. Invests $506,000 in Builders FirstSource, Inc. $BLDR

Key Points

• Banco BTG Pactual S.A. invested approximately $506,000 in Builders FirstSource, by acquiring 4,050 shares during the first quarter.
• Several other institutional investors, including Cambridge Investment Research Advisors Inc. and Oppenheimer Asset Management Inc., have also increased their holdings in Builders FirstSource during the same period.
• Builders FirstSource has seen a recent fluctuation in analyst ratings, with changes ranging from downgrades to price objective adjustments, leading to an average target price of $154.44 and a consensus rating of "Moderate Buy."

Banco BTG Pactual S.A. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,050 shares of the company's stock, valued at approximately $506,000.

Other large investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock worth $2,500,000 after purchasing an additional 3,131 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock worth $368,000 after buying an additional 877 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Builders FirstSource by 41.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock worth $945,000 after buying an additional 2,216 shares during the last quarter. Altus Wealth Group LLC lifted its position in shares of Builders FirstSource by 11.2% during the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock worth $5,625,000 after buying an additional 4,549 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Builders FirstSource during the 1st quarter worth $1,012,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLDR has been the subject of several recent analyst reports. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Stifel Nicolaus raised their price objective on Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, DA Davidson reduced their price objective 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. Eleven analysts have rated the stock with a Buy rating, eight have given 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 target price of $154.44.

Builders FirstSource Stock Up 1.2%

Shares of NYSE BLDR opened at $138.1850 on Wednesday. Builders FirstSource, Inc. has a one year low of $102.60 and a one 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. The business's fifty day moving average price is $126.30 and its 200-day moving average price is $126.16. The stock has a market capitalization of $15.28 billion, a PE ratio of 20.97, a P/E/G ratio of 14.46 and a beta of 1.68.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) 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 company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the company posted $3.50 EPS. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity

In related news, Director Dirkson R. Charles acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company's stock.

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.

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