Empowered Funds LLC Takes $3.35 Million Position in Builders FirstSource, Inc. $BLDR

Empowered Funds LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 37,453 shares of the company’s stock, valued at approximately $3,351,000.

Other large investors have also recently made changes to their positions in the company. Daiwa Securities Group Inc. grew 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 buying an additional 78 shares during the period. New Mexico Educational Retirement Board raised its position in shares of Builders FirstSource by 2.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock worth $525,000 after acquiring an additional 100 shares during the period. Moors & Cabot Inc. raised its position in shares of Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after acquiring an additional 109 shares during the period. Root Financial Partners LLC boosted 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 acquiring an additional 113 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake 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 worth $275,000 after acquiring an additional 126 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

BLDR opened at $62.67 on Wednesday. The firm’s fifty day simple moving average is $74.45 and its two-hundred day simple moving average is $81.61. Builders FirstSource, Inc. has a 52-week low of $62.31 and a 52-week high of $151.03. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 68.87, a PEG ratio of 2.16 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last released 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). Builders FirstSource had a return on equity of 11.73% and a net margin of 0.71%.The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. Equities analysts anticipate that Builders FirstSource, Inc. will post 3.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BLDR. Truist Financial dropped their target price on Builders FirstSource from $115.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus reduced their price target on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, July 23rd. Citizens Jmp started coverage on Builders FirstSource in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Weiss Ratings lowered Builders FirstSource from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company cut their price objective on Builders FirstSource from $85.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Nine investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.