Man Group plc Boosts Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Man Group plc lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,178 shares of the company's stock after purchasing an additional 38,320 shares during the quarter. Man Group plc owned 0.13% of Builders FirstSource worth $21,751,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth $34,000. Avion Wealth lifted its holdings in 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 during the period. Mather Group LLC. lifted its holdings in Builders FirstSource by 91.2% in the fourth 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 holdings in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the period. 95.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of several recent analyst reports. 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. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. 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 price target for the company. Loop Capital decreased their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Price Performance

Shares of NYSE:BLDR traded down $3.11 during trading on Tuesday, reaching $114.49. The company had a trading volume of 1,369,373 shares, compared to its average volume of 1,676,214. The company has a fifty day moving average of $120.40 and a two-hundred day moving average of $145.83. The stock has a market capitalization of $12.65 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the firm earned $2.65 EPS. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are 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.