Chapman Financial Group LLC Buys New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Chapman Financial Group LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,715 shares of the company's stock, valued at approximately $388,000.

Several other hedge funds have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter valued at $34,000. Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. raised its position in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after purchasing an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 1.0 %

Shares of BLDR stock traded down $1.11 on Wednesday, reaching $106.04. 2,764,841 shares of the company were exchanged, compared to its average volume of 1,683,732. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.80 and a beta of 1.79. The company has a 50-day moving average of $122.90 and a 200-day moving average of $149.62. 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, Inc. has a one year low of $102.45 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly 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 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 analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The business's quarterly revenue was down 6.0% on a year-over-year basis. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share buyback program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on BLDR. Benchmark cut their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. UBS Group decreased their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. BMO Capital Markets cut their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday. Royal Bank of Canada reduced their price target on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, StockNews.com lowered Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

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.