Builders FirstSource, Inc. $BLDR Shares Purchased by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC increased its stake in Builders FirstSource, Inc. by 24.3% in Q1, owning 17,400 shares valued at approximately $2.17 million.
• Other significant investors, such as Caisse DE Depot ET Placement DU Quebec, expanded their holdings by 283%, acquiring a total of 196,386 shares valued at $24.54 million.
• Builders FirstSource reported $2.38 EPS for its last quarter, which was slightly above analyst expectations, despite a 5% decline in revenue compared to the previous year.

Gabelli Funds LLC raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,400 shares of the company's stock after acquiring an additional 3,400 shares during the period. Gabelli Funds LLC's holdings in Builders FirstSource were worth $2,174,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BLDR. Integrated Wealth Concepts LLC grew its position in Builders FirstSource by 4.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,165 shares of the company's stock valued at $452,000 after acquiring an additional 126 shares during the period. Northern Trust Corp grew its position in Builders FirstSource by 10.2% during the fourth quarter. Northern Trust Corp now owns 1,139,775 shares of the company's stock valued at $162,908,000 after acquiring an additional 105,158 shares during the period. Rehmann Capital Advisory Group grew its position in Builders FirstSource by 7.1% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,724 shares of the company's stock valued at $532,000 after acquiring an additional 248 shares during the period. Aristeia Capital L.L.C. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $441,000. Finally, Aptus Capital Advisors LLC grew its position in Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BLDR shares. Stifel Nicolaus boosted their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. DA Davidson decreased their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday. Zelman & Associates reaffirmed an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Finally, Royal Bank Of Canada downgraded Builders FirstSource from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $132.00 to $129.00 in a research report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource Stock Down 0.7%

BLDR traded down $0.91 on Wednesday, reaching $136.45. The company's stock had a trading volume of 987,025 shares, compared to its average volume of 1,965,584. The stock has a market cap of $15.08 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 14.69 and a beta of 1.61. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. 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 business's 50 day moving average is $131.61 and its 200 day moving average is $124.91.

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, beating analysts' consensus estimates 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%.Builders FirstSource's revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter 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 fiscal year.

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.