Eagle Global Advisors LLC Trims Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Eagle Global Advisors LLC lessened its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,670 shares of the company's stock after selling 4,165 shares during the quarter. Eagle Global Advisors LLC's holdings in Builders FirstSource were worth $6,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after buying an additional 306 shares during the last quarter. Mather Group LLC. increased its position in 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 buying an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 34.9% during 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 last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BLDR shares. Barclays lowered their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Raymond James reissued an "outperform" rating and set a $140.00 price objective (down from $170.00) 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 report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Benchmark reduced 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. Finally, The Goldman Sachs Group cut their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Performance

BLDR stock opened at $107.29 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 0.80 and a beta of 1.79. The firm has a 50-day simple moving average of $123.56 and a two-hundred day simple moving average of $149.92. Builders FirstSource, Inc. has a one year low of $106.66 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the firm earned $2.65 EPS. The business's quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors 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.

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