Builders FirstSource, Inc. (NYSE:BLDR) Stock Holdings Boosted by Vise Technologies Inc.

Vise Technologies Inc. grew its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 112.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,349 shares of the company's stock after purchasing an additional 9,192 shares during the period. Vise Technologies Inc.'s holdings in Builders FirstSource were worth $2,480,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 34.9% in the fourth 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 last quarter. Mountain Lake Investment Management LLC boosted its position in shares of Builders FirstSource by 7.0% in the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after acquiring an additional 2,367 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Builders FirstSource by 14.9% in the fourth quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after acquiring an additional 25,535 shares during the last quarter. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource in the fourth quarter worth approximately $27,089,000. Finally, Lecap Asset Management Ltd. boosted its position in shares of Builders FirstSource by 82.6% in the fourth 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 last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 2.4%

BLDR traded down $2.70 during trading on Wednesday, hitting $108.80. The company had a trading volume of 576,769 shares, compared to its average volume of 1,675,586. The company has a market cap of $12.02 billion, a PE ratio of 12.00, a P/E/G ratio of 0.80 and a beta of 1.79. The business has a 50-day moving average of $118.37 and a 200-day moving average of $143.24. 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 1-year low of $103.81 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its 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. 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 during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its board has authorized a stock repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BMO Capital Markets reduced their price target on shares of 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. Benchmark reduced their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research report on Thursday, May 15th. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average 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.