Alpha Wealth Funds LLC Acquires Shares of 4,000 Builders FirstSource, Inc. $BLDR

Alpha Wealth Funds LLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Brave Warrior Advisors LLC acquired a new position in shares of Builders FirstSource in the first quarter valued at $155,123,000. Wellington Management Group LLP boosted its position in shares of Builders FirstSource by 42.6% in the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock valued at $401,948,000 after acquiring an additional 960,603 shares during the period. Kovitz Investment Group Partners LLC boosted its position in shares of Builders FirstSource by 957.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock valued at $66,091,000 after acquiring an additional 478,942 shares during the period. Voya Investment Management LLC boosted its position in shares of Builders FirstSource by 29.9% in the first quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company’s stock valued at $229,809,000 after acquiring an additional 423,891 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its position in shares of Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after acquiring an additional 326,923 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BLDR shares. Barclays reduced their target price on shares of Builders FirstSource from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, August 1st. Stifel Nicolaus boosted their target price on shares of Builders FirstSource from $118.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Zelman & Associates reissued an “underperform” rating on shares of Builders FirstSource in a research report on Friday, July 18th. Robert W. Baird cut shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Builders FirstSource in a research report on Monday, September 15th. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.29.

Builders FirstSource Stock Down 0.2%

BLDR stock opened at $122.75 on Friday. The stock has a market capitalization of $13.57 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 13.72 and a beta of 1.62. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $196.47. The firm has a 50-day moving average price of $132.70 and a 200-day moving average price of $124.05.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource Company 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.