Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.12 Million Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Builders FirstSource by 25.9%, acquiring an additional 3,500 shares during the first quarter.
• Builders FirstSource announced a $500 million stock buyback plan, indicating the management's belief that the stock is undervalued.
• The company's latest earnings report showed $2.38 earnings per share, surpassing the consensus estimate, despite a 5% decline in year-over-year revenue.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 25.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,000 shares of the company's stock after acquiring an additional 3,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Builders FirstSource were worth $2,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Cambridge Investment Research Advisors Inc. raised its holdings in Builders FirstSource by 18.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock worth $2,500,000 after buying an additional 3,131 shares during the period. Stephens Inc. AR raised its holdings in Builders FirstSource by 42.5% during the 1st quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock worth $368,000 after buying an additional 877 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Builders FirstSource by 41.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock valued at $945,000 after purchasing an additional 2,216 shares during the period. Altus Wealth Group LLC increased its holdings in shares of Builders FirstSource by 11.2% in the 1st quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock valued at $5,625,000 after purchasing an additional 4,549 shares during the period. Finally, Sowell Financial Services LLC acquired a new position in shares of Builders FirstSource in the 1st quarter valued at about $1,012,000. 95.53% of the stock is currently owned by institutional investors.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird downgraded Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $145.00 to $130.00 in a report on Friday, August 1st. Wall Street Zen downgraded Builders FirstSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from $132.00 to $129.00 in a report on Friday, August 1st. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Finally, DA Davidson dropped their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource Stock Performance

Builders FirstSource stock traded up $11.5950 during trading hours on Friday, reaching $144.8150. 3,123,362 shares of the company were exchanged, compared to its average volume of 1,970,581. The firm has a market cap of $16.01 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 14.06 and a beta of 1.68. 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 stock has a 50-day moving average of $127.03 and a 200 day moving average of $126.00. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.35 by $0.03. The firm 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%.The company's revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.