JT Stratford LLC Purchases 3,613 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

JT Stratford LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,064 shares of the company's stock after purchasing an additional 3,613 shares during the period. JT Stratford LLC's holdings in Builders FirstSource were worth $1,296,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BLDR. Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after acquiring an additional 134 shares during the period. Mountain Lake Investment Management LLC raised its holdings in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC raised its holdings in Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after acquiring an additional 25,535 shares during the period. Fiera Capital Corp bought a new stake in Builders FirstSource during the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. raised its holdings in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after acquiring an additional 9,970 shares during the period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR traded up $2.92 during trading on Tuesday, reaching $111.25. The stock had a trading volume of 665,594 shares, compared to its average volume of 1,676,058. The business has a 50-day moving average of $118.72 and a 200-day moving average of $143.46. Builders FirstSource, Inc. has a one year low of $103.81 and a one year high of $203.14. The stock has a market cap of $12.29 billion, a PE ratio of 12.28, a PEG 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 (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the firm earned $2.65 earnings per share. Builders FirstSource's quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reissued an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. BMO Capital Markets lowered their price objective 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, Robert W. Baird set a $130.00 price objective on Builders FirstSource 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 issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

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.