Nomura Holdings Inc. Increases Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• Nomura Holdings Inc. increased its stake in Builders FirstSource by 122.6% during the first quarter, acquiring an additional 4,645 shares, bringing its total holdings to 8,434 shares valued at over $1 million.
• Other institutional investors, like Wellington Management Group LLP and Invesco Ltd., have also significantly increased their holdings in Builders FirstSource, contributing to institutional ownership of 95.53% of the company.
• Despite a positive earnings per share report that surpassed analyst expectations, Builders FirstSource's revenue was down 5.0% year-over-year, indicating challenges ahead for the company.

Nomura Holdings Inc. boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 122.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,434 shares of the company's stock after purchasing an additional 4,645 shares during the period. Nomura Holdings Inc.'s holdings in Builders FirstSource were worth $1,054,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BLDR. Wellington Management Group LLP lifted its holdings in Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after purchasing an additional 960,603 shares during the last quarter. Invesco Ltd. grew its position in shares of Builders FirstSource by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,519,461 shares of the company's stock valued at $314,781,000 after buying an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Builders FirstSource by 16.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after buying an additional 326,923 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Builders FirstSource by 0.3% in the 1st 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in Builders FirstSource by 12.5% during 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 period. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wall Street Zen raised Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. DA Davidson lowered their target price on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Finally, Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Stock Down 1.2%

Shares of NYSE:BLDR traded down $1.80 during midday trading on Monday, hitting $147.41. 777,025 shares of the stock were exchanged, compared to its average volume of 1,962,638. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The business's fifty day simple moving average is $133.20 and its two-hundred day simple moving average is $124.65. The company has a market capitalization of $16.30 billion, a PE ratio of 22.37, a P/E/G ratio of 15.80 and a beta of 1.61. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company 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.