Welch Capital Partners LLC NY Takes Position in Builders FirstSource, Inc. $BLDR

Welch Capital Partners LLC NY acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, HoldingsChannel reports. The fund acquired 16,301 shares of the company’s stock, valued at approximately $1,459,000. Builders FirstSource makes up 0.3% of Welch Capital Partners LLC NY’s investment portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in Builders FirstSource by 0.4% during the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after acquiring an additional 78 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in Builders FirstSource by 2.0% in the 4th quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after purchasing an additional 100 shares in the last quarter. Moors & Cabot Inc. boosted its position in Builders FirstSource by 1.5% in the 4th quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after purchasing an additional 109 shares in the last quarter. Root Financial Partners LLC grew its stake in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Builders FirstSource by 5.9% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after purchasing an additional 126 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.4%

BLDR stock opened at $70.02 on Friday. Builders FirstSource, Inc. has a 12-month low of $65.10 and a 12-month high of $151.03. The business’s 50-day moving average is $75.97 and its 200 day moving average is $84.59. The company has a current ratio of 1.79, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 76.95, a PEG ratio of 2.28 and a beta of 1.44.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. Builders FirstSource’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.38 EPS. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 3.15 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Truist Financial decreased their target price on shares of Builders FirstSource from $115.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada dropped their price target on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. UBS Group cut their price objective on shares of Builders FirstSource from $122.00 to $88.00 and set a “buy” rating for the company in a report on Friday, July 31st. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $110.00 to $101.00 in a research report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $90.35.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.