Caisse DE Depot ET Placement DU Quebec Raises Position in Builders FirstSource, Inc. $BLDR

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its stake in Builders FirstSource, boosting ownership by 283% to 196,386 shares valued at approximately $24.54 million.
• Major institutional investors like Wellington Management and Kovitz Investment Group also raised their stakes in Builders FirstSource, reflecting strong institutional interest with over 95% of shares owned by such investors.
• Equities analysts have issued mixed ratings for Builders FirstSource, with an average price target of $154.44, indicating a consensus outlook of "Moderate Buy," despite some recent adjustments in target prices downward.

Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 283.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,386 shares of the company's stock after acquiring an additional 145,106 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.18% of Builders FirstSource worth $24,536,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after buying an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Builders FirstSource by 957.1% during the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after buying an additional 478,942 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after buying an additional 326,923 shares during the last quarter. Coliseum Capital Management LLC bought a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $45,334,000. Finally, Nuveen LLC bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $36,339,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Down 1.0%

Builders FirstSource stock traded down $1.41 during mid-day trading on Friday, reaching $138.73. 1,345,910 shares of the company were exchanged, compared to its average volume of 2,230,695. The business has a fifty day moving average of $130.85 and a 200 day moving average of $125.30. 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 $15.34 billion, a P/E ratio of 21.05, a PEG ratio of 14.84 and a beta of 1.68. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The company had revenue of $4.23 billion during 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%.Builders FirstSource's revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLDR shares. Stephens cut their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Wedbush cut their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. DA Davidson dropped their price objective on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Finally, BMO Capital Markets dropped their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of "Moderate Buy" and an average 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.