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

Welch Capital Partners LLC NY grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 166.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,301 shares of the company’s stock after acquiring an additional 10,176 shares during the period. Builders FirstSource comprises approximately 0.3% of Welch Capital Partners LLC NY’s investment portfolio, making the stock its 13th biggest holding. Welch Capital Partners LLC NY’s holdings in Builders FirstSource were worth $1,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BLDR. Schwartz Investment Counsel Inc. grew its position in shares of Builders FirstSource by 17.1% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 95,800 shares of the company’s stock worth $9,857,000 after buying an additional 14,000 shares in the last quarter. Eagle Global Advisors LLC increased its stake in shares of Builders FirstSource by 46.3% during the fourth quarter. Eagle Global Advisors LLC now owns 60,242 shares of the company’s stock valued at $6,198,000 after buying an additional 19,062 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Builders FirstSource by 10.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,867 shares of the company’s stock valued at $24,993,000 after acquiring an additional 22,270 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Builders FirstSource by 13.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,872,708 shares of the company’s stock worth $192,683,000 after acquiring an additional 221,641 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Builders FirstSource by 99,084.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,241,561 shares of the company’s stock worth $230,634,000 after acquiring an additional 2,239,301 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Robert W. Baird lowered their price target on shares of Builders FirstSource from $125.00 to $95.00 in a research report on Friday, May 1st. Weiss Ratings upgraded shares of Builders FirstSource from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 2nd. Stephens dropped their price objective on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Finally, The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $110.00 to $101.00 in a report on Friday, May 1st. 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. Based on data from MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average price target of $101.45.

Builders FirstSource Price Performance

BLDR opened at $74.23 on Monday. The firm has a market capitalization of $7.98 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.42. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The business’s 50-day moving average is $77.24 and its two-hundred day moving average is $92.38. Builders FirstSource, Inc. has a 1 year low of $65.10 and a 1 year high of $151.03.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.12). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. Research analysts anticipate that Builders FirstSource, Inc. will post 4.29 earnings per share for the current fiscal year.

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

About Builders FirstSource

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.