JT Stratford LLC Has $1.30 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

JT Stratford LLC grew its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,064 shares of the company's stock after acquiring 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 filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BLDR. FMR LLC grew its stake 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 worth $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Invesco Ltd. boosted its stake in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after purchasing an additional 26,314 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings 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 worth $277,776,000 after purchasing an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. increased its stake 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 period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Barclays reduced their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Stifel Nicolaus reduced their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, May 5th. 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 report on Friday, February 21st. Finally, BMO Capital Markets decreased their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Six investment 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. Based on data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Performance

Shares of BLDR opened at $108.54 on Thursday. 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 stock has a 50-day moving average of $119.89 and a two-hundred day moving average of $145.35. 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 $12.00 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share 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 firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the prior year, the firm earned $2.65 EPS. The company's revenue for the quarter was down 6.0% on a year-over-year basis. As a group, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

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.

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