Landscape Capital Management L.L.C. Acquires Shares of 1,949 Builders FirstSource, Inc. $BLDR

Key Points

• Landscape Capital Management L.L.C. has acquired a new stake in Builders FirstSource, Inc. totaling 1,949 shares worth approximately $244,000, as disclosed in a recent SEC filing.
• Several institutional investors have made significant changes to their holdings in Builders FirstSource, with Wellington Management Group increasing its stake by 42.6% and Kovitz Investment Group increasing its stake by 957.1% during the first quarter.
• Builders FirstSource reported earnings of $2.38 per share, slightly beating analysts' estimates, but experienced a 5.0% decline in revenue compared to the same quarter last year, marking a challenging fiscal environment.

Landscape Capital Management L.L.C. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,949 shares of the company's stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Invesco Ltd. grew its stake in shares of Builders FirstSource by 11.8% in the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock worth $314,781,000 after purchasing an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after purchasing an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock worth $280,387,000 after purchasing an additional 6,453 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Builders FirstSource by 12.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,097,741 shares of the company's stock worth $137,152,000 after purchasing an additional 121,616 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $134.00 price objective on shares of Builders FirstSource in a research report on Friday, August 1st. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research report on Friday, July 18th. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wedbush decreased their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Finally, Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus price target of $154.44.

Builders FirstSource Stock Up 4.0%

NYSE:BLDR traded up $5.78 during trading hours on Friday, reaching $149.05. The company had a trading volume of 2,472,223 shares, compared to its average volume of 1,863,369. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 15.80 and a beta of 1.61. The business's 50-day simple moving average is $133.20 and its two-hundred day simple moving average is $124.79. Builders FirstSource, Inc. has a twelve month low of $102.60 and a twelve month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings data 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 net margin of 4.74% and a return on equity of 24.61%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm earned $3.50 earnings per share. The business's quarterly revenue was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current 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.