Alpha Wealth Funds LLC Makes New $468,000 Investment in Builders FirstSource, Inc. $BLDR

Key Points

• Alpha Wealth Funds LLC made a new investment of $468,000 in Builders FirstSource, acquiring 4,000 shares during Q2.
• Institutional investors own 95.53% of Builders FirstSource, with several hedge funds increasing their stakes recently.
• Builders FirstSource's recent earnings showed a net margin of 4.74% and a year-over-year revenue decline of 5.0%, with reported EPS of $2.38, beating estimates.

Alpha Wealth Funds LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 4,000 shares of the company's stock, valued at approximately $468,000.

Other hedge funds have also recently bought and sold shares of the company. IMA Advisory Services Inc. acquired a new stake in Builders FirstSource during the 1st quarter worth approximately $31,000. Mather Group LLC. grew its stake in shares of Builders FirstSource by 19.7% during the 1st quarter. Mather Group LLC. now owns 595 shares of the company's stock worth $74,000 after acquiring an additional 98 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Builders FirstSource by 21.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 627 shares of the company's stock worth $78,000 after acquiring an additional 109 shares in the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Builders FirstSource by 22.8% during the 1st quarter. New Age Alpha Advisors LLC now owns 640 shares of the company's stock worth $80,000 after acquiring an additional 119 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Builders FirstSource by 363.9% during the 1st quarter. Brooklyn Investment Group now owns 719 shares of the company's stock worth $90,000 after acquiring an additional 564 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BLDR shares. Oppenheimer set a $155.00 price target on shares of Builders FirstSource and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. DA Davidson decreased their price target on shares of Builders FirstSource from $135.00 to $125.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Baird R W cut shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Robert W. Baird cut shares of Builders FirstSource from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $145.00 to $130.00 in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Hold" and an average price target of $147.29.

Builders FirstSource Price Performance

NYSE:BLDR opened at $122.75 on Friday. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $196.47. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $132.70 and a 200 day simple moving average of $124.05. The stock has a market capitalization of $13.57 billion, a PE ratio of 18.63, a P/E/G ratio of 13.72 and a beta of 1.62.

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

About Builders FirstSource

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.

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