Builders FirstSource, Inc. $BLDR Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Builders FirstSource by 29.9%, acquiring an additional 423,891 shares, bringing its total ownership to approximately 1.67% of the company.
• Builders FirstSource reported a quarterly EPS of $2.38, surpassing estimates, but its revenue decreased by 5.0% year-over-year, highlighting potential challenges ahead.
• Analyst ratings for Builders FirstSource show a mixed outlook, with eleven analysts giving a Buy rating and one analyst assigning a Sell rating, suggesting varied confidence in the stock's future performance.

Voya Investment Management LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 29.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,840,171 shares of the company's stock after acquiring an additional 423,891 shares during the period. Voya Investment Management LLC owned about 1.67% of Builders FirstSource worth $229,809,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Inspire Investing LLC lifted its holdings in Builders FirstSource by 8.7% during the 1st quarter. Inspire Investing LLC now owns 13,024 shares of the company's stock valued at $1,627,000 after buying an additional 1,045 shares in the last quarter. Strs Ohio purchased a new position in shares of Builders FirstSource during the first quarter worth approximately $11,869,000. Jacobi Capital Management LLC purchased a new position in shares of Builders FirstSource during the first quarter worth approximately $225,000. Focus Partners Wealth grew its stake in Builders FirstSource by 2.0% in the first quarter. Focus Partners Wealth now owns 21,728 shares of the company's stock worth $2,715,000 after purchasing an additional 427 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Builders FirstSource by 14.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 640,858 shares of the company's stock valued at $80,069,000 after buying an additional 82,588 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $2.50 on Monday, reaching $140.23. 1,591,411 shares of the company were exchanged, compared to its average volume of 1,767,155. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 15.12 and a beta of 1.61. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The business has a 50-day moving average price of $135.38 and a 200 day moving average price of $124.80. 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 (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of several research reports. Wall Street Zen raised shares of Builders FirstSource from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. 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 research report on Friday, August 1st. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Barclays decreased their price objective on shares of Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. Finally, Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the company an "outperform" rating in a research report on Thursday, July 10th. Ten research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" 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.