Builders FirstSource, Inc. $BLDR is Mountain Lake Investment Management LLC's 6th Largest Position

Key Points

• Mountain Lake Investment Management LLC increased its stake in Builders FirstSource, Inc. by 52.0% in the first quarter, now owning 55,284 shares valued at approximately $6.9 million.
• Builders FirstSource reported $2.38 EPS for the last quarter, slightly exceeding the consensus estimate, but its revenue of $4.23 billion fell short of expectations.
• Several institutional investors are actively adjusting their stakes in Builders FirstSource, with hedge funds holding 95.53% of the company's stock.

Mountain Lake Investment Management LLC lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 52.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,284 shares of the company's stock after buying an additional 18,917 shares during the quarter. Builders FirstSource makes up approximately 6.5% of Mountain Lake Investment Management LLC's portfolio, making the stock its 6th biggest position. Mountain Lake Investment Management LLC owned 0.05% of Builders FirstSource worth $6,907,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC lifted its stake in Builders FirstSource by 6.0% in the fourth 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 raised its holdings in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after purchasing an additional 91 shares in the last quarter. Baird Financial Group Inc. lifted its position 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 purchasing an additional 98 shares during the last quarter. Mather Group LLC. grew its stake in shares of Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in Builders FirstSource by 8.8% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock valued at $153,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $0.23 during trading hours on Wednesday, hitting $140.22. The stock had a trading volume of 1,571,440 shares, compared to its average volume of 1,964,638. 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 firm has a market capitalization of $15.50 billion, a PE ratio of 21.28, a PEG ratio of 15.66 and a beta of 1.61. The stock's 50 day moving average is $134.09 and its 200 day moving average is $124.83. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month 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, beating analysts' consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion for 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 company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BLDR shares. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Wedbush decreased their target price 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. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $145.00 to $130.00 in a report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have given 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 price target of $154.44.

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.