Vident Advisory LLC Boosts Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Vident Advisory LLC significantly increased its holdings in Builders FirstSource, Inc. by 158.7%, now owning 18,632 shares valued at approximately $2.3 million.
• Wellington Management and Kovitz Investment Group also boosted their stakes in Builders FirstSource, with Wellington's holdings increasing by 42.6% and Kovitz's by an impressive 957.1%.
• Builders FirstSource reported earnings of $2.38 per share, surpassing analyst expectations, despite a 5% decline in year-over-year revenue for the quarter.

Vident Advisory LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 158.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,632 shares of the company's stock after purchasing an additional 11,431 shares during the period. Vident Advisory LLC's holdings in Builders FirstSource were worth $2,328,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock worth $401,948,000 after buying an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC grew its position in Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock valued at $66,091,000 after acquiring an additional 478,942 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock worth $283,659,000 after purchasing an additional 326,923 shares during the period. Coliseum Capital Management LLC purchased a new stake in shares of Builders FirstSource during the fourth quarter valued at $45,334,000. Finally, Nuveen LLC purchased a new stake in shares of Builders FirstSource during the first quarter valued at $36,339,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 4.0%

BLDR traded up $5.78 on Friday, hitting $149.05. The company had a trading volume of 2,472,223 shares, compared to its average volume of 1,919,152. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 15.80 and a beta of 1.61. 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 stock has a fifty day moving average price of $133.20 and a 200-day moving average price of $124.65. Builders FirstSource, Inc. has a 12-month low of $102.60 and a 12-month high of $203.14.

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

Wall Street Analyst Weigh In

BLDR has been the topic of several recent analyst reports. Robert W. Baird downgraded shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Wedbush reduced their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. Barclays lowered their price target on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Friday, August 1st. Baird R W cut Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Eleven investment 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 company currently has an average rating of "Moderate Buy" and a consensus price target 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.