Caxton Associates LLP Invests $354,000 in Builders FirstSource, Inc. $BLDR

Key Points

• Caxton Associates LLP invested approximately $354,000 in Builders FirstSource by acquiring 2,833 shares, according to their recent 13F filing with the SEC.
• Analysts have mixed views on Builders FirstSource, with Barclays and Oppenheimer providing price targets of $135.00 and $155.00, respectively, while others have downgraded the stock.
• Builders FirstSource reported a net revenue of $4.23 billion for the last quarter, falling short of expectations and showing a 5.0% decrease compared to the same quarter last year.

Caxton Associates LLP bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,833 shares of the company's stock, valued at approximately $354,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BLDR shares. Barclays cut their price objective 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. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Wedbush reduced their target price 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. Finally, Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Eleven 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Trading Down 2.6%

Shares of BLDR opened at $142.74 on Friday. The company has a market cap of $15.78 billion, a P/E ratio of 21.66, a P/E/G ratio of 15.52 and a beta of 1.61. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The company's fifty day simple moving average is $135.07 and its 200-day simple moving average is $125.01. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

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 company had revenue of $4.23 billion for 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 revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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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