Empowered Funds LLC Has $4.97 Million Stake in Builders FirstSource, Inc. $BLDR

Empowered Funds LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 21.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,566 shares of the company’s stock after purchasing an additional 7,423 shares during the period. Empowered Funds LLC’s holdings in Builders FirstSource were worth $4,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brave Warrior Advisors LLC bought a new position in Builders FirstSource in the 1st quarter valued at approximately $155,123,000. Wellington Management Group LLP increased its holdings in shares of Builders FirstSource by 42.6% during the first quarter. Wellington Management Group LLP now owns 3,217,125 shares of the company’s stock worth $401,948,000 after buying an additional 960,603 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Builders FirstSource by 957.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 528,984 shares of the company’s stock valued at $66,091,000 after acquiring an additional 478,942 shares during 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 valued at $229,809,000 after acquiring an additional 423,891 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Builders FirstSource during the 1st quarter worth $36,339,000. 95.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Baird R W downgraded Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Loop Capital cut their target price on shares of Builders FirstSource from $145.00 to $140.00 in a research report on Friday, October 31st. Vertical Research started coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research note on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus target price of $136.92.

Builders FirstSource Stock Performance

BLDR stock opened at $101.42 on Friday. The firm has a market cap of $11.22 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 12.90 and a beta of 1.60. 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 stock has a 50-day moving average price of $118.19 and a 200-day moving average price of $122.80. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $194.36.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 30th. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.69 by $0.19. The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.The firm’s revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.07 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.