Silvercrest Asset Management Group LLC Invests $8.80 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Silvercrest Asset Management Group LLC bought 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 and Exchange Commission. The institutional investor bought 61,531 shares of the company's stock, valued at approximately $8,795,000. Silvercrest Asset Management Group LLC owned 0.05% of Builders FirstSource as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter worth approximately $34,000. Avion Wealth grew its holdings in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. grew its holdings in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 acquiring an additional 134 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BLDR shares. UBS Group dropped their price target on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research report on Friday, May 2nd. The Goldman Sachs Group dropped their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. BMO Capital Markets dropped their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Finally, Barclays dropped their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Down 1.5%

BLDR stock traded down $1.68 during midday trading on Friday, hitting $108.16. The company's stock had a trading volume of 1,382,517 shares, compared to its average volume of 1,679,958. The firm's 50-day moving average is $119.12 and its 200-day moving average is $144.20. The company has a market cap of $11.95 billion, a PE ratio of 11.94, a P/E/G 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, Inc. has a 12 month low of $103.81 and a 12 month 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, beating the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.65 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback 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.