Quantinno Capital Management LP Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Quantinno Capital Management LP boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,342 shares of the company's stock after purchasing an additional 4,037 shares during the period. Quantinno Capital Management LP's holdings in Builders FirstSource were worth $4,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new position in Builders FirstSource during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new position in shares of Builders FirstSource during the 4th quarter valued at about $34,000. Avion Wealth grew its stake in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. increased its holdings in Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after acquiring an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after acquiring an additional 134 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Raymond James reaffirmed an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Barclays decreased their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research note on Thursday, May 15th. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $2.27 during mid-day trading on Friday, reaching $107.57. 440,275 shares of the company's stock traded hands, compared to its average volume of 1,676,282. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.80 and a beta of 1.79. The stock has a 50 day moving average of $119.52 and a two-hundred day moving average of $144.92. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the company earned $2.65 EPS. The business's revenue was down 6.0% compared to the same quarter last year. Equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has authorized 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 often an indication that the company's board 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.