Builders FirstSource, Inc. $BLDR Stock: Kingswood Wealth Advisors LLC Increases Holdings

Kingswood Wealth Advisors LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 828.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,577 shares of the company’s stock after buying an additional 26,390 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Builders FirstSource were worth $1,686,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLDR. Root Financial Partners LLC boosted its position 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 acquiring an additional 113 shares in the last quarter. Wedbush Securities Inc. raised its position in Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock valued at $262,000 after purchasing an additional 147 shares in the last quarter. Private Advisor Group LLC raised its position in Builders FirstSource by 5.9% during the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after purchasing an additional 162 shares in the last quarter. Altshuler Shaham Ltd lifted its stake in Builders FirstSource by 2.4% during the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock worth $626,000 after purchasing an additional 180 shares during the last quarter. Finally, Mufg Securities Americas Inc. lifted its stake in Builders FirstSource by 5.9% during the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock worth $290,000 after purchasing an additional 180 shares during the last quarter. 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 weighed in on BLDR shares. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Truist Financial lowered their price target on Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Loop Capital downgraded Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price objective for the company. in a research report on Monday. Zacks Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $79.35.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $56.65 on Wednesday. Builders FirstSource, Inc. has a fifty-two week low of $49.67 and a fifty-two week high of $131.50. The company’s 50 day moving average price is $59.82 and its two-hundred day moving average price is $81.60.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the business earned $2.38 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 3.07 EPS for the current year.

About Builders FirstSource

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.