Voss Capital LP Takes Position in Builders FirstSource, Inc. $BLDR

Key Points

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Voss Capital LP bought a new position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,849 shares of the company's stock, valued at approximately $1,106,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Cambridge Investment Research Advisors Inc. raised its position in shares of Builders FirstSource by 18.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,010 shares of the company's stock worth $2,500,000 after purchasing an additional 3,131 shares during the last quarter. Stephens Inc. AR raised its holdings in Builders FirstSource by 42.5% in the first quarter. Stephens Inc. AR now owns 2,942 shares of the company's stock worth $368,000 after buying an additional 877 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Builders FirstSource by 41.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the company's stock worth $945,000 after buying an additional 2,216 shares during the last quarter. Altus Wealth Group LLC lifted its stake in shares of Builders FirstSource by 11.2% in the first quarter. Altus Wealth Group LLC now owns 45,021 shares of the company's stock worth $5,625,000 after buying an additional 4,549 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Builders FirstSource during the first quarter valued at approximately $1,012,000. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Dirkson R. Charles purchased 5,000 shares of Builders FirstSource stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BLDR shares. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. DA Davidson decreased their price target on Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Wall Street Zen downgraded Builders FirstSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Wedbush reduced their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Finally, Baird R W lowered 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Builders FirstSource Stock Performance

Shares of BLDR traded up $0.3350 on Thursday, reaching $133.0850. The company's stock had a trading volume of 1,627,994 shares, compared to its average volume of 2,242,076. The stock's 50 day simple moving average is $127.03 and its two-hundred day simple moving average is $126.00. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. The stock has a market capitalization of $14.71 billion, a P/E ratio of 20.19, a PEG ratio of 14.06 and a beta of 1.68. 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, topping the consensus estimate of $2.35 by $0.03. The business 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 company's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

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.