Alliancebernstein L.P. Has $127.19 Million Stock Position in Builders FirstSource, Inc. $BLDR

Key Points

• Alliancebernstein L.P. increased its stake in Builders FirstSource by 8.3% in Q1, owning over 1 million shares valued at approximately $127 million.
• Builders FirstSource reported an EPS of $2.38 for the last quarter, surpassing estimates, but experienced a 5% decline in quarterly revenue compared to the previous year.
• Research analysts have mixed ratings for Builders FirstSource, with eleven analysts rating it as a Buy and a consensus target price of $154.44.

Alliancebernstein L.P. grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,018,042 shares of the company's stock after acquiring an additional 77,811 shares during the period. Alliancebernstein L.P. owned 0.92% of Builders FirstSource worth $127,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. IMA Advisory Services Inc. bought a new position in Builders FirstSource during the first quarter valued at about $31,000. Sentry Investment Management LLC acquired a new position in shares of Builders FirstSource during the 1st quarter valued at about $40,000. CX Institutional acquired a new stake in Builders FirstSource in the 1st quarter worth approximately $45,000. Mather Group LLC. boosted its position in Builders FirstSource by 19.7% during the first quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after purchasing an additional 98 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Builders FirstSource by 21.0% during the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock valued at $78,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded up $1.39 during mid-day trading on Wednesday, reaching $141.84. The stock had a trading volume of 437,949 shares, compared to its average volume of 1,957,817. Builders FirstSource, Inc. has a one year low of $102.60 and a one year high of $203.14. The firm has a market cap of $15.68 billion, a PE ratio of 21.51, a P/E/G ratio of 15.66 and a beta of 1.61. The firm's 50 day simple moving average is $134.09 and its 200 day simple moving average is $124.83. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.35 by $0.03. The firm had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $132.00 to $129.00 in a research note on Friday, August 1st. Barclays lowered their price target on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Zelman & Associates reiterated an "underperform" rating on shares of Builders FirstSource in a research note on Friday, July 18th. Oppenheimer set a $155.00 target price on Builders FirstSource and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $134.00 price target on shares of Builders FirstSource in a research report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $154.44.

Builders FirstSource Profile

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, floor trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products comprising intricate mouldings, stair parts, and columns under the Synboard brand name.