TFB Advisors LLC Buys 185 Shares of Builders FirstSource, Inc. $BLDR

TFB Advisors LLC boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,004 shares of the company’s stock after buying an additional 185 shares during the quarter. TFB Advisors LLC’s holdings in Builders FirstSource were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BLDR. Wellington Management Group LLP increased its stake in Builders FirstSource by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after acquiring an additional 960,603 shares during the period. Invesco Ltd. raised its stake in shares of Builders FirstSource by 11.8% during the first quarter. Invesco Ltd. now owns 2,519,461 shares of the company’s stock valued at $314,781,000 after acquiring an additional 265,873 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock worth $283,659,000 after acquiring an additional 326,923 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Builders FirstSource by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company’s stock worth $280,387,000 after purchasing an additional 6,453 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Builders FirstSource by 174.2% in the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock worth $202,374,000 after purchasing an additional 899,841 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent research reports. Barclays decreased their price target 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. Robert W. Baird cut Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Wedbush reduced their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, June 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Finally, Stephens reduced their price target on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Builders FirstSource has a consensus rating of “Moderate Buy” and a consensus target price of $154.44.

Builders FirstSource Trading Down 4.0%

Shares of BLDR opened at $132.6740 on Thursday. 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 company’s fifty day moving average is $126.67 and its 200 day moving average is $126.20. 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. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted 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. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a stock buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $548,350. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.