Public Sector Pension Investment Board Sells 77,327 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• The Public Sector Pension Investment Board significantly reduced its stake in Builders FirstSource, selling 77,327 shares and holding only 15,662 shares afterwards.
• Builders FirstSource reported a quarterly EPS of $2.38, slightly exceeding expectations, despite a 5% decline in revenue compared to the previous year.
• The company has initiated a $500 million stock repurchase program, reflecting management's belief that the stock may be undervalued.

Public Sector Pension Investment Board reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 83.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,662 shares of the company's stock after selling 77,327 shares during the quarter. Public Sector Pension Investment Board's holdings in Builders FirstSource were worth $1,957,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BLDR. IMA Advisory Services Inc. bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $31,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $40,000. CX Institutional purchased a new stake in shares of Builders FirstSource in the first quarter valued at approximately $45,000. Mather Group LLC. boosted its holdings in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares during the period. Finally, New Age Alpha Advisors LLC boosted its holdings 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 valued at $80,000 after purchasing an additional 119 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR opened at $132.6740 on Thursday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The stock has a fifty day moving average price of $126.67 and a 200-day moving average price of $126.20. 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 $14.67 billion, a PE ratio of 20.13, a P/E/G ratio of 14.63 and a beta of 1.68.

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, beating 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 firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business's revenue for the quarter was down 5.0% compared to the same quarter last year. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, Director Dirkson R. Charles purchased 5,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $109.67 per share, with a total value of $548,350.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group lowered their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stephens lowered their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a report on Friday, July 18th. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered Builders FirstSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.

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