BNP Paribas Financial Markets Purchases 52,742 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

BNP Paribas Financial Markets increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 31.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,610 shares of the company's stock after acquiring an additional 52,742 shares during the quarter. BNP Paribas Financial Markets owned about 0.19% of Builders FirstSource worth $31,389,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth $34,000. Avion Wealth raised its stake in shares of Builders FirstSource by 728.6% in 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. 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 worth $71,000 after acquiring an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Down 0.3 %

BLDR traded down $0.38 during midday trading on Friday, hitting $110.69. 1,629,735 shares of the company were exchanged, compared to its average volume of 1,667,745. Builders FirstSource, Inc. has a 1-year low of $103.81 and a 1-year high of $203.14. 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 $12.23 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.80 and a beta of 1.79. The firm's 50 day moving average price is $122.03 and its 200-day moving average price is $148.18.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion during 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 business's quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. The Goldman Sachs Group lowered their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. UBS Group decreased their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective for the company. Stifel Nicolaus reduced 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, StockNews.com downgraded 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource has a consensus 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.