Candriam S.C.A. Raises Holdings in Builders FirstSource, Inc. $BLDR

Candriam S.C.A. increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 9.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 36,857 shares of the company’s stock after buying an additional 3,244 shares during the period. Candriam S.C.A.’s holdings in Builders FirstSource were worth $4,605,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. TFB Advisors LLC raised its position in Builders FirstSource by 4.8% in the first quarter. TFB Advisors LLC now owns 4,004 shares of the company’s stock valued at $500,000 after purchasing an additional 185 shares during the period. Banco BTG Pactual S.A. purchased a new position in Builders FirstSource in the first quarter valued at about $506,000. Voss Capital LP purchased a new position in Builders FirstSource in the first quarter valued at about $1,106,000. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Builders FirstSource by 7.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 53,697 shares of the company’s stock valued at $6,703,000 after purchasing an additional 3,519 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in Builders FirstSource by 9.5% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 6,063 shares of the company’s stock valued at $758,000 after purchasing an additional 524 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus raised their price objective on Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Raymond James Financial reissued an “outperform” rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Oppenheimer set a $155.00 price objective on Builders FirstSource and gave the company an “outperform” rating in a research report on Thursday, July 10th. Royal Bank Of Canada downgraded Builders FirstSource from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Finally, UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Eleven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.44.

Insider Buying and Selling

In other news, Director Dirkson R. Charles purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Builders FirstSource Stock Up 8.4%

Shares of Builders FirstSource stock opened at $144.46 on Friday. The business has a 50-day moving average of $127.70 and a 200-day moving average of $125.87. 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 company has a market capitalization of $15.97 billion, a PE ratio of 21.92, a P/E/G ratio of 14.11 and a beta of 1.68. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR) last announced its 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 company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The company’s 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. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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