6,685 Shares in Builders FirstSource, Inc. $BLDR Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,685 shares of the company's stock, valued at approximately $835,000.

A number of other institutional investors have also recently modified their holdings of BLDR. IMA Advisory Services Inc. bought a new stake in Builders FirstSource in the 1st quarter worth about $31,000. Sentry Investment Management LLC bought a new stake in Builders FirstSource in the 1st quarter worth about $40,000. CX Institutional bought a new stake in Builders FirstSource in the 1st quarter worth about $45,000. Mather Group LLC. increased its holdings in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after buying an additional 98 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its holdings in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock worth $80,000 after buying an additional 119 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BLDR. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Stifel Nicolaus boosted their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Stephens cut their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Robert W. Baird downgraded Builders FirstSource from an "outperform" rating to a "neutral" rating and cut their price target for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Stock Performance

Shares of BLDR stock traded up $11.36 during trading hours on Friday, reaching $144.58. 1,600,265 shares of the company traded hands, compared to its average volume of 1,959,179. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month 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 has a market cap of $15.98 billion, a P/E ratio of 21.93, a P/E/G ratio of 14.06 and a beta of 1.68. The firm has a 50-day moving average price of $127.03 and a 200 day moving average price of $126.00.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business's quarterly revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Builders FirstSource

In other news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The shares were acquired at an average price of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $548,350. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by insiders.

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.