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

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

Several other institutional investors and hedge funds have also made changes to their positions in BLDR. FMR LLC lifted its stake in shares of Builders FirstSource by 7.3% in the fourth 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. lifted its stake in shares of Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after acquiring an additional 26,314 shares in 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 worth $319,898,000 after buying an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Builders FirstSource by 47.2% in the fourth 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 last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Builders FirstSource by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after buying an additional 285,458 shares during the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 2.6%

Shares of Builders FirstSource stock opened at $117.45 on Tuesday. The business's fifty day moving average price is $120.40 and its two-hundred day moving average price is $145.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market capitalization of $12.98 billion, a P/E ratio of 12.96, a PEG ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 1-year low of $103.81 and a 1-year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its 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. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Builders FirstSource's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $2.65 EPS. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding 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 management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd. Barclays decreased their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. Finally, Raymond James restated an "outperform" rating and set a $140.00 price objective (down from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $167.58.

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.

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