Caxton Associates LP Takes Position in Builders FirstSource, Inc. (NYSE:BLDR)

Caxton Associates LP acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,284 shares of the company's stock, valued at approximately $755,000.

Other hedge funds have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter worth about $34,000. Avion Wealth lifted its position in 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 acquiring an additional 306 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of 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 purchasing an additional 237 shares in the last quarter. 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 valued at $74,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

NYSE:BLDR traded down $0.38 during midday trading on Friday, hitting $110.69. The company had a trading volume of 1,629,735 shares, compared to its average volume of 1,668,573. The company has a market capitalization of $12.59 billion, a PE ratio of 12.22, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The stock's fifty day moving average price is $122.03 and its 200-day moving average price is $148.62.

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

Builders FirstSource declared that its Board of Directors has approved a share repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire 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.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of research analyst reports. Loop Capital decreased their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus decreased their price objective on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Truist Financial lowered their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Robert W. Baird set a $130.00 price objective on Builders FirstSource in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.58.

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.