Coliseum Capital Management LLC Buys Shares of 317,177 Builders FirstSource, Inc. (NYSE:BLDR)

Coliseum Capital Management LLC acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 317,177 shares of the company's stock, valued at approximately $45,334,000. Builders FirstSource makes up 3.7% of Coliseum Capital Management LLC's holdings, making the stock its 10th biggest holding. Coliseum Capital Management LLC owned about 0.28% of Builders FirstSource at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter worth about $34,000. Avion Wealth boosted its holdings 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 purchasing an additional 306 shares during the last quarter. Mather Group LLC. grew its stake in shares of Builders FirstSource by 91.2% in the 4th 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 increased its holdings in shares of Builders FirstSource by 34.9% during 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 last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BLDR. Truist Financial lowered 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. Benchmark cut 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. StockNews.com cut shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Stifel Nicolaus dropped 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 report on Monday, May 5th. Finally, The Goldman Sachs Group decreased their price objective 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. Six 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. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Down 0.3 %

NYSE BLDR traded down $0.38 on Friday, hitting $110.69. 1,629,735 shares of the stock were exchanged, compared to its average volume of 1,667,745. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14. The company has a 50-day moving average price of $122.03 and a 200-day moving average price of $148.41. The company has a market cap of $12.23 billion, a PE ratio of 12.22, a PEG 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 (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the company posted $2.65 earnings per share. The business's quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a share repurchase program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is 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.