Builders FirstSource, Inc. $BLDR Shares Purchased by Hauser Brothers GmbH

Key Points

• Hauser Brothers GmbH increased its stake in Builders FirstSource, Inc. by 7.4% during Q1, now holding approximately 115,900 shares valued at $14.48 million, making it the firm's fourth largest position.
• Several institutional investors, including Wellington Management Group LLP and Kovitz Investment Group Partners LLC, have significantly increased their holdings in Builders FirstSource, indicating strong interest in the company.
• Builders FirstSource reported Q2 earnings of $2.38 per share, exceeding estimates, despite a 5.0% decline in year-over-year revenue, and the company has announced a share repurchase program of up to $500 million.

Hauser Brothers GmbH grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,900 shares of the company's stock after purchasing an additional 8,000 shares during the period. Builders FirstSource comprises about 13.8% of Hauser Brothers GmbH's investment portfolio, making the stock its 4th biggest position. Hauser Brothers GmbH owned about 0.10% of Builders FirstSource worth $14,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP grew its position in Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after acquiring an additional 478,942 shares during the period. Diamond Hill Capital Management Inc. lifted 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 worth $283,659,000 after acquiring an additional 326,923 shares during the period. Coliseum Capital Management LLC bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $45,334,000. Finally, Nuveen LLC bought a new stake in shares of Builders FirstSource during the first quarter valued at approximately $36,339,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $144.46 on Monday. 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 firm has a market cap of $15.97 billion, a P/E ratio of 21.92, a P/E/G ratio of 15.30 and a beta of 1.68. The business's fifty day moving average is $127.70 and its two-hundred day moving average is $125.37. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14.

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

Builders FirstSource declared that its board has approved 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The shares were bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at $548,350. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BLDR shares. BMO Capital Markets lowered their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Wedbush lowered their price target on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Stephens lowered their price target 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. Robert W. Baird cut Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $154.44.

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.

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