Banco Bilbao Vizcaya Argentaria S.A. Buys 3,519 Shares of Builders FirstSource, Inc. $BLDR

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,697 shares of the company’s stock after buying an additional 3,519 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Builders FirstSource were worth $6,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BLDR. First Trust Advisors LP raised its stake in shares of Builders FirstSource by 8.6% in the fourth quarter. First Trust Advisors LP now owns 193,483 shares of the company’s stock worth $27,654,000 after buying an additional 15,342 shares during the period. MML Investors Services LLC raised its stake in shares of Builders FirstSource by 97.7% in the fourth quarter. MML Investors Services LLC now owns 23,644 shares of the company’s stock worth $3,379,000 after buying an additional 11,687 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Builders FirstSource by 62.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,918 shares of the company’s stock worth $989,000 after buying an additional 2,650 shares during the period. Stifel Financial Corp raised its stake in shares of Builders FirstSource by 15.7% in the fourth quarter. Stifel Financial Corp now owns 174,751 shares of the company’s stock worth $24,978,000 after buying an additional 23,705 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Builders FirstSource by 10.4% in the fourth quarter. Hsbc Holdings PLC now owns 408,899 shares of the company’s stock worth $58,428,000 after buying an additional 38,365 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens decreased their price objective on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Raymond James Financial reiterated an “outperform” rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus increased their target price on Builders FirstSource from $118.00 to $128.00 and gave the stock a “hold” rating in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $154.44.

Builders FirstSource Stock Performance

NYSE BLDR opened at $132.6740 on Thursday. The stock has a market capitalization of $14.67 billion, a PE ratio of 20.13, a P/E/G ratio of 14.63 and a beta of 1.68. The business has a 50 day simple moving average of $126.67 and a two-hundred day simple moving average of $126.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR) last released 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 business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share buyback program on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Dirkson R. Charles purchased 5,000 shares of the business’s 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 acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $548,350. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

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.