Dimensional Fund Advisors LP Buys 6,453 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Dimensional Fund Advisors LP increased its stake in Builders FirstSource, Inc. to approximately 2.03%, owning about 2,244,449 shares valued at $280.39 million as reported in their latest SEC filing.
• Multiple large investors have raised their holdings in Builders FirstSource, with Invesco Ltd. increasing its shares by 11.8% and Diamond Hill Capital Management by 16.8% during the 1st quarter.
• Builders FirstSource announced a $500 million share buyback plan to repurchase up to 3.9% of its stock, signaling that management believes its shares are undervalued.

Dimensional Fund Advisors LP lifted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,244,449 shares of the company's stock after purchasing an additional 6,453 shares during the quarter. Dimensional Fund Advisors LP owned 2.03% of Builders FirstSource worth $280,387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Voya Investment Management LLC boosted its stake in shares of Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after purchasing an additional 899,841 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Builders FirstSource by 957.1% in the 1st 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 last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after purchasing an additional 326,923 shares during the last quarter. Coliseum Capital Management LLC acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $45,334,000. Finally, Nuveen LLC acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $36,339,000. Institutional investors own 95.53% of the company's stock.

Insider Buying and Selling

In other news, Director Dirkson R. Charles acquired 5,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded up $11.6030 during trading on Friday, reaching $144.8230. The company's stock had a trading volume of 2,155,627 shares, compared to its average volume of 1,964,565. The firm has a market cap of $16.01 billion, a PE ratio of 21.98, a P/E/G ratio of 14.06 and a beta of 1.68. The business's 50-day moving average price is $127.03 and its 200-day moving average price is $126.00. 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 issued its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a stock buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Wedbush decreased their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. BMO Capital Markets decreased their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, Raymond James Financial restated an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Eleven research 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. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and an average target price of $154.44.

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.