Bank of America Corp DE Has $47.61 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bank of America Corp DE lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 26.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,105 shares of the company's stock after selling 117,588 shares during the quarter. Bank of America Corp DE owned about 0.29% of Builders FirstSource worth $47,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock worth $278,000 after buying an additional 64 shares during the period. Integrated Investment Consultants LLC grew its position in shares of Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock worth $2,145,000 after buying an additional 65 shares during the period. TFB Advisors LLC grew its position in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock worth $546,000 after buying an additional 79 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after buying an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in shares of Builders FirstSource by 6.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLDR. Stephens lowered their price target on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Barclays reduced their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective on the stock. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Up 2.2%

BLDR traded up $2.61 during trading on Friday, reaching $120.57. The company had a trading volume of 1,601,485 shares, compared to its average volume of 1,677,507. The business's fifty day moving average price is $120.65 and its 200 day moving average price is $146.38. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $13.33 billion, a P/E ratio of 13.31, a PEG ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced 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 net margin of 6.57% and a return on equity of 30.54%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 earnings per share. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs 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.