Northwest & Ethical Investments L.P. Boosts Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Builders FirstSource, Inc. by 200.9% in the first quarter, owning a total of 5,778 shares valued at approximately $721,000.
• Analysts have varied price targets for Builders FirstSource, with Raymond James setting a price objective of $140.00, while the consensus average target price stands at $154.44.
• Builders FirstSource recently reported a quarterly EPS of $2.38, exceeding estimates, but noted a 5.0% decline in revenue year-over-year.

Northwest & Ethical Investments L.P. increased its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 200.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,778 shares of the company's stock after purchasing an additional 3,858 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Builders FirstSource were worth $721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMA Advisory Services Inc. purchased a new stake in Builders FirstSource in the first quarter worth $31,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter worth $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter worth $45,000. Mather Group LLC. grew its stake in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after acquiring an additional 98 shares during the last quarter. Finally, New Age Alpha Advisors LLC grew its stake in shares of Builders FirstSource by 22.8% in the first quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock worth $80,000 after acquiring an additional 119 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Builders FirstSource

In other news, Director Dirkson R. Charles bought 5,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director owned 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Builders FirstSource Stock Performance

NYSE:BLDR traded down $2.45 on Monday, hitting $142.00. The stock had a trading volume of 1,886,588 shares, compared to its average volume of 2,380,672. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 15.30 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. The business's 50-day simple moving average is $128.30 and its two-hundred day simple moving average is $125.29. 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 announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.03. The business had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The business's revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the firm 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 year.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on BLDR. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Wedbush cut their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. UBS Group cut their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Stephens dropped their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $154.44.

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.