Callan Family Office LLC Takes Position in Builders FirstSource, Inc. $BLDR

Key Points

• Callan Family Office LLC recently acquired a stake in Builders FirstSource, buying 3,482 shares valued at approximately $406,000.
• Various hedge funds, including Cambridge Investment Research Advisors Inc. and Stephens Inc. AR, have significantly increased their positions in Builders FirstSource in the first quarter.
• Builders FirstSource reported earnings of $2.38 per share for the last quarter, surpassing analyst expectations, despite a 5.0% decline in revenue compared to the previous year.

Callan Family Office LLC acquired a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,482 shares of the company's stock, valued at approximately $406,000.

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

Builders FirstSource Trading Down 1.4%

NYSE BLDR opened at $126.32 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm has a market cap of $13.96 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 14.34 and a beta of 1.62. The company has a 50 day moving average price of $133.06 and a 200 day moving average price of $124.13. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $201.53.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. Builders FirstSource's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLDR shares. Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Weiss Ratings reissued a "hold (c-)" rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Barclays reduced their price objective on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, KeyCorp set a $145.00 price objective on shares of Builders FirstSource in a research note on Wednesday, October 1st. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $147.29.

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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