Benjamin Edwards Inc. Purchases 2,967 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Benjamin Edwards Inc. grew its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,188 shares of the company's stock after purchasing an additional 2,967 shares during the period. Benjamin Edwards Inc.'s holdings in Builders FirstSource were worth $1,599,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. increased its stake in Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after buying an additional 64 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company's stock valued at $2,145,000 after acquiring an additional 65 shares in the last quarter. TFB Advisors LLC increased its position in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock valued at $546,000 after acquiring an additional 79 shares during the last quarter. HighPoint Advisor Group LLC raised its holdings in Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock worth $262,000 after acquiring an additional 83 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its position in Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after purchasing an additional 85 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BLDR shares. UBS Group lowered their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus dropped their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday. Loop Capital decreased their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group dropped their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Performance

BLDR opened at $106.04 on Thursday. The firm has a market cap of $12.06 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The business's fifty day moving average is $122.90 and its 200-day moving average is $149.62. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the firm earned $2.65 EPS. The business's quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

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.

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