Builders FirstSource, Inc. $BLDR Stock Holdings Increased by Coliseum Capital Management LLC

Key Points

• Coliseum Capital Management LLC has increased its stake in Builders FirstSource by 75%, now owning approximately $69.35 million worth of shares, making it the fund's 7th largest holding.
• Builders FirstSource's recent earnings report showed $2.38 earnings per share, slightly surpassing analysts' expectations, although revenue fell 5% from the previous year.
• Analysts' consensus rating for Builders FirstSource is a "Moderate Buy", with a target price of $154.44, reflecting a range of opinions among investment analysts about the stock's potential.

Coliseum Capital Management LLC boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 75.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 555,041 shares of the company's stock after purchasing an additional 237,864 shares during the quarter. Builders FirstSource comprises 5.8% of Coliseum Capital Management LLC's portfolio, making the stock its 7th largest position. Coliseum Capital Management LLC owned approximately 0.50% of Builders FirstSource worth $69,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brave Warrior Advisors LLC purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $155,123,000. Wellington Management Group LLP lifted its position in 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 purchasing an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC lifted its position in 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 purchasing an additional 478,942 shares during the period. Diamond Hill Capital Management Inc. raised its position in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after acquiring an additional 326,923 shares during the period. Finally, Nuveen LLC bought a new position in Builders FirstSource in the first quarter worth approximately $36,339,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BLDR shares. 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. Stifel Nicolaus lifted their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $145.00 to $130.00 in a report on Friday, August 1st. Finally, Wedbush lowered their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. 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, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $1.43 during trading hours on Monday, hitting $147.78. 1,330,061 shares of the company were exchanged, compared to its average volume of 1,966,105. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 15.80 and a beta of 1.61. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. 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 company's 50 day moving average price is $133.20 and its 200-day moving average price is $124.65.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping 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%. Builders FirstSource's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share 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.