Delta Investment Management LLC Acquires 905 Shares of Builders FirstSource, Inc. $BLDR

Delta Investment Management LLC increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 36.0% during the 1st quarter, HoldingsChannel reports. The fund owned 3,422 shares of the company’s stock after buying an additional 905 shares during the period. Delta Investment Management LLC’s holdings in Builders FirstSource were worth $428,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IMA Advisory Services Inc. bought a new position in shares of Builders FirstSource in the first quarter worth approximately $31,000. Sentry Investment Management LLC bought a new position in shares of Builders FirstSource in the first quarter worth approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource in the first quarter worth approximately $45,000. Mather Group LLC. lifted its stake in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock worth $74,000 after buying an additional 98 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock worth $78,000 after buying an additional 109 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. UBS Group dropped their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Oppenheimer set a $155.00 target price on shares of Builders FirstSource and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. DA Davidson dropped their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Finally, Royal Bank Of Canada cut shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $132.00 to $129.00 in a report on Friday, August 1st. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.44.

Builders FirstSource Stock Down 0.6%

Shares of BLDR stock opened at $141.78 on Thursday. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The stock has a market cap of $15.67 billion, a P/E ratio of 21.52, a P/E/G ratio of 15.11 and a beta of 1.68. 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 company has a 50 day simple moving average of $129.70 and a two-hundred day simple moving average of $125.53.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 31st. The company reported $2.38 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 during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the company 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 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.