Fuller & Thaler Asset Management Inc. Grows Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Builders FirstSource by 31.9% during the 1st quarter, now owning 160,182 shares valued at approximately $20 million.
• Several hedge funds are also investing in Builders FirstSource, with 95.53% of the stock owned by institutional investors.
• Recent analyst downgrades for Builders FirstSource have led to a consensus price target decrease, with average ratings shifting to "Moderate Buy" and a price target now at $154.44.

Fuller & Thaler Asset Management Inc. boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,182 shares of the company's stock after purchasing an additional 38,717 shares during the period. Fuller & Thaler Asset Management Inc. owned about 0.14% of Builders FirstSource worth $20,013,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $31,000. Sentry Investment Management LLC purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $40,000. CX Institutional purchased a new position in Builders FirstSource in the 1st quarter valued at approximately $45,000. Mather Group LLC. increased its stake in Builders FirstSource by 19.7% in the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its stake in Builders FirstSource by 22.8% in the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock valued at $80,000 after purchasing an additional 119 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director owned 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLDR. Robert W. Baird downgraded Builders FirstSource from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Baird R W downgraded Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded Builders FirstSource from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and a consensus price target of $154.44.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $138.1850 on Wednesday. The company has a market cap of $15.28 billion, a P/E ratio of 20.97, a P/E/G ratio of 14.46 and a beta of 1.68. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 52 week low of $102.60 and a 52 week high of $203.14. The business has a fifty day simple moving average of $126.30 and a 200-day simple moving average of $126.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued 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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The firm'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. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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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