Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 112.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,349 shares of the company's stock after purchasing an additional 9,192 shares during the quarter. Vise Technologies Inc.'s holdings in Builders FirstSource were worth $2,480,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC raised its stake in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. grew its position in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after purchasing an additional 26,314 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after purchasing an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after acquiring an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after acquiring an additional 285,458 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Up 1.3%

Builders FirstSource stock opened at $109.76 on Friday. The company has a 50 day moving average price of $119.52 and a 200 day moving average price of $144.92. Builders FirstSource, Inc. has a 52 week low of $103.81 and a 52 week high of $203.14. 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 capitalization of $12.13 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts' consensus estimates 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 last year, the business posted $2.65 EPS. The company's revenue was down 6.0% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Loop Capital lowered their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research note on Friday, May 2nd. UBS Group lowered their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, Benchmark reduced 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. Six research 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. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average target price of $167.58.

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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