Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Man Group plc

Man Group plc raised its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152,178 shares of the company's stock after buying an additional 38,320 shares during the period. Man Group plc owned approximately 0.13% of Builders FirstSource worth $21,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in shares of Builders FirstSource by 211.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 195,658 shares of the company's stock worth $27,965,000 after buying an additional 132,913 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Builders FirstSource by 46.5% during the 4th quarter. Park Avenue Securities LLC now owns 6,088 shares of the company's stock valued at $870,000 after acquiring an additional 1,932 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Builders FirstSource by 104.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company's stock worth $94,000 after acquiring an additional 334 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in shares of Builders FirstSource by 30.1% in the fourth quarter. Gateway Investment Advisers LLC now owns 4,045 shares of the company's stock valued at $578,000 after purchasing an additional 936 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $1,873,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on BLDR. Truist Financial cut their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stephens cut their price target on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective on the stock. Benchmark dropped their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Six research 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Trading Down 0.1%

NYSE:BLDR traded down $0.14 during trading hours on Thursday, reaching $108.24. 1,102,244 shares of the company were exchanged, compared to its average volume of 1,677,197. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The stock has a 50 day simple moving average of $119.89 and a 200 day simple moving average of $145.35. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79. 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 issued its earnings results 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company posted $2.65 EPS. The business's quarterly revenue was down 6.0% on a year-over-year basis. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Builders FirstSource Company 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.