OMERS ADMINISTRATION Corp Acquires 3,296 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• OMERS ADMINISTRATION Corp increased its holding in Builders FirstSource, Inc. by 26.9%, acquiring an additional 3,296 shares during the first quarter, bringing its total to 15,533 shares worth approximately $1.94 million.
• The stock has received mixed ratings from analysts, with eleven giving a Buy rating, eight a Hold rating, and one a Sell rating, while the consensus price target is set at $154.44.
• Builders FirstSource reported earnings of $2.38 per share for the last quarter, surpassing expectations, but revenue declined by 5% year-over-year to $4.23 billion.

OMERS ADMINISTRATION Corp grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 26.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,533 shares of the company's stock after buying an additional 3,296 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Builders FirstSource were worth $1,941,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BLDR. Wellington Management Group LLP grew its holdings in shares of Builders FirstSource by 42.6% in the 1st 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. Kovitz Investment Group Partners LLC grew its holdings in shares of Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after purchasing an additional 478,942 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Builders FirstSource by 16.8% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after acquiring an additional 326,923 shares during the last quarter. Coliseum Capital Management LLC bought a new stake in Builders FirstSource during the 4th quarter worth about $45,334,000. Finally, Nuveen LLC bought a new stake in Builders FirstSource during the 1st quarter worth about $36,339,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Up 5.3%

Shares of NYSE:BLDR traded up $7.28 during mid-day trading on Thursday, reaching $143.61. The stock had a trading volume of 1,023,037 shares, compared to its average volume of 1,961,897. 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 firm has a market cap of $15.88 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 14.69 and a beta of 1.61. The firm has a 50 day simple moving average of $132.02 and a two-hundred day simple moving average of $124.99. 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 announced its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BLDR shares. Wedbush decreased their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. Zelman & Associates reissued an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Stifel Nicolaus increased their price objective on shares of Builders FirstSource from $118.00 to $128.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $134.00 target price on shares of Builders FirstSource in a research note on Friday, August 1st. Finally, Robert W. Baird lowered shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Eleven research 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. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.44.

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.