Builders FirstSource, Inc. (NYSE:BLDR) Stock Holdings Trimmed by Css LLC Il

Css LLC Il lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,982 shares of the company’s stock after selling 300 shares during the period. Css LLC Il’s holdings in Builders FirstSource were worth $426,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $34,000. Avion Wealth increased its position in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the period. Mather Group LLC. increased its position in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $109.76 on Friday. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14. The business has a 50-day moving average of $119.52 and a two-hundred day moving average of $144.92. The stock has a market capitalization of $12.13 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.65 earnings per share. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a share repurchase plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

BLDR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target on the stock. Barclays lowered their price target on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Stifel Nicolaus decreased their target price on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Finally, Robert W. Baird set a $130.00 target price on Builders FirstSource in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average target price of $167.58.

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.