Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,342 shares of the company's stock after acquiring 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 filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on BLDR. UBS Group cut their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price target 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. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, Benchmark cut their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Six research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Performance

NYSE BLDR traded down $3.11 during mid-day trading on Tuesday, reaching $114.49. 1,369,373 shares of the stock were exchanged, compared to its average volume of 1,676,214. The company has a market capitalization of $12.65 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.80 and a beta of 1.79. The business's 50 day moving average is $120.24 and its 200-day moving average is $145.61. 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, 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 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. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business's revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has authorized a share 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 stock through open market purchases. Stock repurchase plans are typically a sign that the company's management 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.