Punch & Associates Investment Management Inc. Acquires 6,871 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• Punch & Associates Investment Management Inc. increased its stake in Builders FirstSource, Inc. by 5.9%, owning a total of 122,462 shares valued at approximately $15.3 million.
• Builders FirstSource recently posted earnings of $2.38 per share for the last quarter, which surpassed analysts' estimates, although revenue declined by 5.0% year-over-year.
• Despite recent analyst downgrades, the stock has a consensus rating of "Moderate Buy" with an average target price of $154.44 from 20 research analysts.

Punch & Associates Investment Management Inc. raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 122,462 shares of the company's stock after acquiring an additional 6,871 shares during the quarter. Builders FirstSource makes up 1.0% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 28th largest holding. Punch & Associates Investment Management Inc. owned about 0.11% of Builders FirstSource worth $15,300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aptus Capital Advisors LLC raised its stake in Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after buying an additional 85 shares in the last quarter. Auxano Advisors LLC increased its position in shares of Builders FirstSource by 3.8% in the 1st quarter. Auxano Advisors LLC now owns 2,479 shares of the company's stock valued at $310,000 after acquiring an additional 91 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after purchasing an additional 98 shares during the period. Mather Group LLC. increased 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, Deseret Mutual Benefit Administrators increased its holdings in shares of Builders FirstSource by 8.8% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company's stock valued at $153,000 after purchasing an additional 99 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 4.0%

BLDR opened at $149.05 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The company has a market cap of $16.48 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 15.17 and a beta of 1.61. The business's fifty day moving average is $133.20 and its two-hundred day moving average is $124.92.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLDR. Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $145.00 to $130.00 in a research note on Friday, August 1st. Royal Bank Of Canada cut Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Wedbush lowered their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a report on Friday, June 20th. 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. Finally, Stifel Nicolaus upped their price objective on Builders FirstSource from $118.00 to $128.00 and gave the company a "hold" rating in a report on Friday, August 1st. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus target price of $154.44.

Builders FirstSource 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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