Thornburg Investment Management Inc. Boosts Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Thornburg Investment Management Inc. lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 232,550 shares of the company's stock after buying an additional 2,970 shares during the quarter. Thornburg Investment Management Inc. owned about 0.20% of Builders FirstSource worth $33,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLDR. FMR LLC lifted 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 acquiring an additional 740,214 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Builders FirstSource by 1.2% during the fourth 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 increased its stake in shares of Builders FirstSource by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after buying an additional 77,666 shares during the period. Diamond Hill Capital Management Inc. boosted its position in 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 buying an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. grew its holdings in Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares during the last quarter. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Loop Capital lowered their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James reissued an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Truist Financial cut their price target on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Price Performance

BLDR traded down $2.62 during midday trading on Friday, hitting $107.22. The stock had a trading volume of 489,771 shares, compared to its average volume of 1,676,525. The company has a market cap of $11.85 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14. The business has a fifty day moving average of $119.52 and a 200 day moving average of $144.92.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping 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 business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the business posted $2.65 earnings per share. Builders FirstSource's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a share buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is 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.