Canada Pension Plan Investment Board Grows Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• The Canada Pension Plan Investment Board increased its stake in Builders FirstSource, Inc. by 20.8%, acquiring an additional 21,054 shares, bringing its total ownership to approximately 122,447 shares valued at $15.3 million.
• Several institutional investors reported increases in their positions in Builders FirstSource, with 95.53% of the company's stock now held by institutional investors and hedge funds.
• Builders FirstSource recently reported an EPS of $2.38, exceeding expectations, despite a 5% year-over-year decline in revenue to $4.23 billion.

Canada Pension Plan Investment Board boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,447 shares of the company's stock after buying an additional 21,054 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of Builders FirstSource worth $15,299,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new position in Builders FirstSource during the first quarter worth $31,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at about $45,000. Mather Group LLC. increased its stake in shares of Builders FirstSource by 19.7% in 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, Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BLDR. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. DA Davidson cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Barclays decreased their target price on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded up $5.78 during midday trading on Friday, reaching $149.05. 2,472,223 shares of the stock traded hands, compared to its average volume of 1,863,369. 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 stock has a market capitalization of $16.48 billion, a PE ratio of 22.62, a P/E/G ratio of 15.80 and a beta of 1.61. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The company's 50 day moving average is $133.20 and its 200 day moving average is $124.79.

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

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.