Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 294,658 shares of the company's stock after selling 21,703 shares during the quarter. AQR Capital Management LLC owned 0.26% of Builders FirstSource worth $42,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $349,000. Wilmington Savings Fund Society FSB purchased a new stake in Builders FirstSource during the third quarter valued at approximately $827,000. Tidal Investments LLC lifted its holdings in shares of Builders FirstSource by 129.4% during the 3rd quarter. Tidal Investments LLC now owns 19,845 shares of the company's stock valued at $3,847,000 after purchasing an additional 11,194 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in Builders FirstSource during the 3rd quarter valued at about $547,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in Builders FirstSource by 18.1% in the third quarter. B. Riley Wealth Advisors Inc. now owns 3,270 shares of the company's stock worth $639,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 3.9 %

BLDR stock traded up $4.14 during midday trading on Thursday, hitting $110.13. The company's stock had a trading volume of 732,311 shares, compared to its average volume of 1,680,445. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The firm has a 50-day simple moving average of $122.90 and a 200-day simple moving average of $149.62. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $12.53 billion, a P/E ratio of 12.16, a PEG ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the business earned $2.65 EPS. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has initiated a stock buyback program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday. Raymond James restated an "outperform" rating and issued a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price target on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group reduced their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Finally, StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Six 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. Based on 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.