Bridgefront Capital LLC Buys Shares of 2,916 Builders FirstSource, Inc. (NYSE:BLDR)

Bridgefront Capital LLC bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,916 shares of the company's stock, valued at approximately $417,000.

Other hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at $34,000. Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after buying an additional 306 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after buying an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC lifted 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 acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. UBS Group cut their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group lowered their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. BMO Capital Markets reduced their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Finally, Stephens cut their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Six research 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $0.38 on Friday, reaching $110.69. The company's stock had a trading volume of 1,629,735 shares, compared to its average volume of 1,668,573. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The stock has a market capitalization of $12.59 billion, a P/E ratio of 12.22, a PEG ratio of 0.80 and a beta of 1.79. The stock's 50-day moving average is $122.03 and its two-hundred day moving average is $148.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

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 analysts' consensus estimates of $1.50 by $0.01. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $2.65 EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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