Triton Wealth Management PLLC Acquires New Stake in Builders FirstSource, Inc. $BLDR

Key Points

• Triton Wealth Management PLLC acquired 3,426 shares of Builders FirstSource, valued at approximately $400,000, as reported in its recent 13F filing.
• Builders FirstSource's latest quarterly earnings showed $2.38 earnings per share, slightly beating analysts' expectations, although revenue decreased by 5.0% year-over-year.
• The stock has received mixed ratings from analysts, with an average rating of "Hold" and a consensus target price of $147.29.

Triton Wealth Management PLLC acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,426 shares of the company's stock, valued at approximately $400,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brave Warrior Advisors LLC purchased a new position in shares of Builders FirstSource in the first quarter worth about $155,123,000. Wellington Management Group LLP raised its holdings in Builders FirstSource by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company's stock valued at $401,948,000 after acquiring an additional 960,603 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company's stock worth $66,091,000 after purchasing an additional 478,942 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Builders FirstSource by 29.9% during the 1st quarter. Voya Investment Management LLC now owns 1,840,171 shares of the company's stock worth $229,809,000 after purchasing an additional 423,891 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Builders FirstSource by 16.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company's stock valued at $283,659,000 after purchasing an additional 326,923 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 6.0%

Shares of BLDR stock opened at $127.97 on Wednesday. Builders FirstSource, Inc. has a 1-year low of $102.60 and a 1-year high of $201.53. The firm has a market cap of $14.15 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 13.51 and a beta of 1.62. The company has a 50-day moving average of $133.15 and a two-hundred day moving average of $124.11. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.79 and a quick ratio of 1.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business's revenue was down 5.0% on a year-over-year basis. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent research reports. Barclays lowered their price objective on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Oppenheimer set a $155.00 price target on Builders FirstSource and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wedbush reissued a "neutral" rating and issued a $145.00 price objective on shares of Builders FirstSource in a report on Monday, September 15th. Baird R W downgraded shares of Builders FirstSource from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Builders FirstSource from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. 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 MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $147.29.

Builders FirstSource Company 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.

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