ProShare Advisors LLC Grows Position in Builders FirstSource, Inc. (NYSE:BLDR)

ProShare Advisors LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,587 shares of the company's stock after acquiring an additional 6,534 shares during the period. ProShare Advisors LLC's holdings in Builders FirstSource were worth $3,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BLDR. Norges Bank purchased a new position in Builders FirstSource in the 4th quarter worth about $199,890,000. Voya Investment Management LLC increased its stake in Builders FirstSource by 174.2% in the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after purchasing an additional 899,841 shares in the last quarter. FMR LLC increased its stake in Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Builders FirstSource by 15,533.9% in the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after purchasing an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its stake in Builders FirstSource by 47.2% in 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 in the last quarter. Institutional investors own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BLDR shares. The Goldman Sachs Group dropped their price target on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. UBS Group lowered their target price on 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 target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded down $1.68 during midday trading on Friday, hitting $108.16. The company had a trading volume of 1,382,517 shares, compared to its average volume of 1,679,958. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $119.12 and a 200 day simple moving average of $143.95. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the company earned $2.65 EPS. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. 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 authorized a share buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Builders FirstSource 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.