Thornburg Investment Management Inc. Has $33.24 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Thornburg Investment Management Inc. raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,550 shares of the company's stock after purchasing an additional 2,970 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.20% of Builders FirstSource worth $33,238,000 at the end of the most recent quarter.

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

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $6.08 during mid-day trading on Wednesday, hitting $108.54. The company had a trading volume of 3,102,129 shares, compared to its average volume of 1,679,050. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The firm has a market cap of $12.00 billion, a P/E ratio of 11.98, a PEG ratio of 0.80 and a beta of 1.79. The business's 50-day simple moving average is $120.24 and its 200-day simple moving average is $145.61. 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 (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm posted $2.65 EPS. The company's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have commented on BLDR. Benchmark lowered their target price 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. Robert W. Baird set a $130.00 price objective on Builders FirstSource in a report on Friday, May 2nd. Stephens cut their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. BMO Capital Markets decreased their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Finally, Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Six investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.