Everstar Asset Management LLC Makes New 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 acquired a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 108,185 shares of the company's stock, valued at approximately $13,517,000. Builders FirstSource accounts for approximately 2.5% of Everstar Asset Management LLC's investment portfolio, making the stock its 7th biggest position. Everstar Asset Management LLC owned approximately 0.10% of Builders FirstSource at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Wellington Management Group LLP boosted its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Invesco Ltd. boosted its holdings in shares of Builders FirstSource by 11.8% during the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock valued at $314,781,000 after acquiring an additional 265,873 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after acquiring an additional 326,923 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after acquiring an additional 6,453 shares during the period. Finally, Brave Warrior Advisors LLC acquired a new position in shares of Builders FirstSource during the first quarter valued at $155,123,000. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $3.82 during midday trading on Friday, reaching $142.74. 1,239,132 shares of the company traded hands, compared to its average volume of 1,772,723. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The stock has a 50-day moving average price of $135.07 and a 200 day moving average price of $124.89. 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 $15.78 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 15.52 and a beta of 1.61.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly 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. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. 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 business earned $3.50 earnings per share. Builders FirstSource's revenue for the quarter was down 5.0% compared to the same quarter last year. 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on BLDR shares. Deutsche Bank Aktiengesellschaft reissued 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 downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $132.00 to $129.00 in a report on Friday, August 1st. DA Davidson reduced their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Stifel Nicolaus lifted their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned 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 a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

About Builders FirstSource

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.