Banque Transatlantique SA Purchases New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Banque Transatlantique SA bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 147,583 shares of the company's stock, valued at approximately $21,016,000. Banque Transatlantique SA owned about 0.13% of Builders FirstSource at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $34,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares during the last quarter. Mather Group LLC. boosted its position in 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 grew its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 1.0 %

BLDR stock traded down $1.11 during mid-day trading on Wednesday, reaching $106.04. 2,764,841 shares of the stock traded hands, compared to its average volume of 1,683,732. Builders FirstSource, Inc. has a 52-week low of $102.45 and a 52-week high of $203.14. The stock's fifty day moving average is $122.90 and its 200-day moving average is $149.62. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The company has a market cap of $12.06 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.65 EPS. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLDR. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target for the company. Stephens reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. UBS Group decreased their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Benchmark cut their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Raymond James reissued an "outperform" rating and issued a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

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.