Epoch Investment Partners Inc. Acquires Shares of 213,562 Builders FirstSource, Inc. $BLDR

Key Points

• Epoch Investment Partners Inc. acquired 213,562 shares of Builders FirstSource, Inc. (NYSE: BLDR), valued at approximately $26.7 million, representing about 0.19% of the company's stock.
• Analysts have mixed views on Builders FirstSource, with eleven ratings indicating a "Buy," while the average target price is set at $154.44.
• The company declared a $500 million stock repurchase program, reflecting management's belief that their shares are currently undervalued.

Epoch Investment Partners Inc. bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 213,562 shares of the company's stock, valued at approximately $26,682,000. Epoch Investment Partners Inc. owned approximately 0.19% of Builders FirstSource as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in BLDR. IMA Advisory Services Inc. acquired a new stake in Builders FirstSource during the 1st quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the first quarter worth $45,000. Mather Group LLC. raised its stake in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after buying an additional 98 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after buying an additional 109 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 1.0%

BLDR stock traded down $1.41 during mid-day trading on Friday, reaching $138.73. 1,345,910 shares of the company traded hands, compared to its average volume of 2,230,695. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm's 50 day moving average price is $130.85 and its 200 day moving average price is $125.30. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 14.84 and a beta of 1.68. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results 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. The company had revenue of $4.23 billion for 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%.The company's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLDR. DA Davidson cut their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada cut Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Wedbush dropped their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Finally, Barclays dropped their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Eleven 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $154.44.

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.