Gotham Asset Management LLC Increases Holdings in Builders FirstSource, Inc. $BLDR

Key Points

• Gotham Asset Management LLC increased its stake in Builders FirstSource by 24%, owning 150,082 shares worth approximately $18.75 million after acquiring an additional 29,046 shares.
• Institutional investors and hedge funds hold a significant majority, 95.53%, of Builders FirstSource's stock, reflecting strong investor confidence in the company.
• Builders FirstSource reported a decline in revenue of 5% year-over-year, with quarterly earnings of $2.38 per share, exceeding analysts' expectations of $2.35.

Gotham Asset Management LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,082 shares of the company's stock after buying an additional 29,046 shares during the period. Gotham Asset Management LLC owned 0.14% of Builders FirstSource worth $18,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. IMA Advisory Services Inc. purchased a new stake in Builders FirstSource in the 1st quarter valued at about $31,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource during the 1st quarter valued at approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource during the 1st quarter valued at approximately $45,000. Mather Group LLC. grew its position in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after acquiring an additional 98 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $0.23 during midday trading on Wednesday, hitting $140.22. 1,309,284 shares of the company's stock were exchanged, compared to its average volume of 1,961,496. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14. 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 company has a market cap of $15.50 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 15.66 and a beta of 1.61. The business's fifty day moving average price is $134.09 and its two-hundred day moving average price is $124.83.

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. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. Builders FirstSource's revenue was down 5.0% on a year-over-year basis. 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Wedbush reduced their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research note on Friday, June 20th. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Royal Bank Of Canada downgraded shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $154.44.

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.