Everstar Asset Management LLC Makes New $13.52 Million Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Everstar Asset Management LLC has made a new investment of approximately $13.52 million in Builders FirstSource, acquiring 108,185 shares, which now represent about 2.5% of its portfolio.
• Builders FirstSource reported a quarterly EPS of $2.38, surpassing analysts' expectations, although revenue fell 5.0% year-over-year to $4.23 billion.
• Shares of Builders FirstSource received mixed ratings from analysts, with a Moderate Buy consensus and an average price target of $154.44 amid varied ratings from different analysts.

Everstar Asset Management LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 108,185 shares of the company's stock, valued at approximately $13,517,000. Builders FirstSource accounts for about 2.5% of Everstar Asset Management LLC's portfolio, making the stock its 7th largest holding. Everstar Asset Management LLC owned 0.10% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. IMA Advisory Services Inc. purchased a new position in Builders FirstSource during the first quarter worth about $31,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter valued at approximately $40,000. CX Institutional acquired a new stake in shares of Builders FirstSource during the 1st quarter worth approximately $45,000. Mather Group LLC. increased its holdings in shares of Builders FirstSource by 19.7% during the 1st 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 position in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock opened at $149.05 on Monday. The business's fifty day moving average price is $133.20 and its 200 day moving average price is $124.65. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $16.48 billion, a PE ratio of 22.62, a P/E/G ratio of 15.80 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its 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 company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the business posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

BLDR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a research report on Friday, August 1st. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Wall Street Zen upgraded Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Baird R W lowered shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, 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 research note on Friday, August 1st. 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.

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