Welch Capital Partners LLC NY Purchases 10,176 Shares of Builders FirstSource, Inc. $BLDR

Welch Capital Partners LLC NY lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 166.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,301 shares of the company’s stock after purchasing an additional 10,176 shares during the quarter. Builders FirstSource accounts for approximately 0.3% of Welch Capital Partners LLC NY’s investment portfolio, making the stock its 13th largest position. Welch Capital Partners LLC NY’s holdings in Builders FirstSource were worth $1,342,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after buying an additional 225 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $38,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. UBS Group reduced their price objective on Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Robert W. Baird lowered their price objective on Builders FirstSource from $125.00 to $95.00 in a research note on Friday, May 1st. Wells Fargo & Company dropped their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Oppenheimer set a $121.00 target price on Builders FirstSource in a research report on Friday, May 1st. Finally, Bank of America decreased their price target on Builders FirstSource from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.45.

Builders FirstSource Price Performance

BLDR opened at $74.23 on Monday. The business has a fifty day moving average of $77.24 and a 200 day moving average of $92.38. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15. The stock has a market cap of $7.98 billion, a P/E ratio of 28.44, a PEG ratio of 1.77 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period last year, the company earned $1.51 EPS. The business’s revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.29 EPS for the current year.

Builders FirstSource declared that its board has approved a stock buyback program on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.