Cetera Investment Advisers Raises Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cetera Investment Advisers raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,900 shares of the company's stock after buying an additional 2,342 shares during the period. Cetera Investment Advisers' holdings in Builders FirstSource were worth $5,703,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BLDR. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the period. Mountain Lake Investment Management LLC increased its position in Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC boosted its position in Builders FirstSource by 14.9% during the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Builders FirstSource in the fourth quarter valued at about $27,089,000. Finally, Lecap Asset Management Ltd. grew its holdings in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after acquiring an additional 9,970 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research report on Thursday. Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Benchmark cut their price objective on shares of 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, Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Six equities research 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Trading Down 2.5%

Shares of BLDR traded down $2.97 during trading hours on Monday, reaching $117.67. 464,467 shares of the company traded hands, compared to its average volume of 1,672,874. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The stock's fifty day moving average price is $120.65 and its 200 day moving average price is $146.21. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.80 and a beta of 1.79. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating 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 company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. The firm's revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

About Builders FirstSource

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.