Concentric Capital Strategies LP Increases Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Concentric Capital Strategies LP increased its stake in Builders FirstSource by 15.6%, purchasing an additional 2,170 shares, bringing its total holdings to 16,093 shares worth approximately $2,011,000.
• Several institutional investors, including IMA Advisory Services and Sentry Investment Management, also added to their positions in Builders FirstSource during the 1st quarter, contributing to institutional ownership of 95.53%.
• Builders FirstSource reported earnings per share of $2.38 for the last quarter, slightly exceeding analysts' expectations, while the company's revenue was down 5.0% year-over-year.

Concentric Capital Strategies LP grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 15.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,093 shares of the company's stock after buying an additional 2,170 shares during the period. Concentric Capital Strategies LP's holdings in Builders FirstSource were worth $2,011,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP boosted its holdings in shares of Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Builders FirstSource by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after buying an additional 265,873 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after buying an additional 326,923 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock worth $280,387,000 after buying an additional 6,453 shares in the last quarter. Finally, Brave Warrior Advisors LLC bought a new position in shares of Builders FirstSource during the 1st quarter worth approximately $155,123,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BLDR shares. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $134.00 price target on shares of Builders FirstSource in a report on Friday, August 1st. Royal Bank Of Canada cut Builders FirstSource from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, Wedbush cut their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Eleven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource Stock Down 4.8%

NYSE BLDR traded down $7.06 on Tuesday, reaching $140.83. The company had a trading volume of 1,082,232 shares, compared to its average volume of 1,960,418. The stock has a market capitalization of $15.57 billion, a P/E ratio of 21.36, a P/E/G ratio of 15.80 and a beta of 1.61. The company's fifty day moving average is $133.82 and its 200 day moving average is $124.72. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The business 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 quarterly 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. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource 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.