Federation des caisses Desjardins du Quebec Raises Stock Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Builders FirstSource, Inc. by 31.5%, owning 25,154 shares valued at approximately $3.14 million as of the end of the last quarter.
• Builders FirstSource reported a net revenue of $4.23 billion for the last quarter, slightly below analyst estimates, while earnings per share exceeded expectations at $2.38.
• Most equity analysts have a consensus rating of "Moderate Buy" for Builders FirstSource, with a target price averaging $154.44, indicating positive future outlook despite recent minor price target cuts by some firms.

Federation des caisses Desjardins du Quebec increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,154 shares of the company's stock after acquiring an additional 6,027 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Builders FirstSource were worth $3,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after buying an additional 960,603 shares during the last quarter. Invesco Ltd. grew its position in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock valued at $314,781,000 after buying an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position 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 buying an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Builders FirstSource by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock valued at $280,387,000 after buying an additional 6,453 shares during the last quarter. Finally, Brave Warrior Advisors LLC bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $155,123,000. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BLDR. Baird R W lowered Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wedbush reduced their price target on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. Stifel Nicolaus boosted their price objective on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $134.00 price objective on shares of Builders FirstSource in a research note on Friday, August 1st. Eleven research 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Stock Down 0.4%

BLDR stock traded down $0.60 during trading on Wednesday, reaching $139.85. 924,217 shares of the stock were exchanged, compared to its average volume of 1,960,326. The firm has a market cap of $15.46 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 15.66 and a beta of 1.61. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14. The firm's 50 day moving average is $134.09 and its 200 day moving average is $124.83. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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 company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.