Builders FirstSource, Inc. $BLDR Stake Lifted by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Builders FirstSource by 72.7%, acquiring an additional 33,443 shares during the first quarter, bringing its total to 79,455 shares valued at approximately $9.8 million.
• Builders FirstSource announced a $500 million share repurchase program, indicating the company's leadership believes its shares may be undervalued.
• Research analysts have mixed ratings on Builders FirstSource, with a consensus rating of "Moderate Buy" and a target price of $154.44.

Aberdeen Group plc increased its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 72.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,455 shares of the company's stock after acquiring an additional 33,443 shares during the period. Aberdeen Group plc owned approximately 0.07% of Builders FirstSource worth $9,808,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Mather Group LLC. lifted its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in Builders FirstSource by 22.8% during the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock worth $80,000 after buying an additional 119 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Insider Transactions at Builders FirstSource

In related news, Director Dirkson R. Charles bought 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Builders FirstSource Stock Up 1.2%

Shares of NYSE:BLDR opened at $138.1850 on Wednesday. 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 company has a market cap of $15.28 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 14.46 and a beta of 1.68. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The firm has a 50 day simple moving average of $126.30 and a 200 day simple moving average of $126.16.

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

Builders FirstSource announced that its board has initiated a share repurchase program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zelman & Associates restated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Wall Street Zen cut shares of Builders FirstSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Builders FirstSource has a consensus rating of "Moderate Buy" and a consensus target price 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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