Rafferty Asset Management LLC Has $6.54 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Rafferty Asset Management LLC lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 45,777 shares of the company's stock after acquiring an additional 7,180 shares during the period. Rafferty Asset Management LLC's holdings in Builders FirstSource were worth $6,543,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its holdings in Builders FirstSource by 46.5% during the fourth quarter. Park Avenue Securities LLC now owns 6,088 shares of the company's stock worth $870,000 after purchasing an additional 1,932 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Builders FirstSource by 104.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company's stock worth $94,000 after buying an additional 334 shares during the period. Gateway Investment Advisers LLC lifted its stake in Builders FirstSource by 30.1% in the 4th quarter. Gateway Investment Advisers LLC now owns 4,045 shares of the company's stock worth $578,000 after acquiring an additional 936 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Builders FirstSource during the fourth quarter worth approximately $1,873,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in Builders FirstSource in the 4th quarter valued at approximately $233,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Trading Down 5.3%

Shares of BLDR stock traded down $6.08 on Wednesday, reaching $108.54. 3,102,129 shares of the stock were exchanged, compared to its average volume of 1,679,050. The stock has a market cap of $12.00 billion, a PE ratio of 11.98, a P/E/G ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a one year low of $103.81 and a one year high of $203.14. 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 stock has a 50 day moving average price of $120.24 and a 200 day moving average price of $145.61.

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

Builders FirstSource declared that its board has authorized a stock 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 purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts have weighed in on BLDR shares. Robert W. Baird set a $130.00 target price on Builders FirstSource in a research report on Friday, May 2nd. Stephens dropped their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada reissued an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a report on Thursday, May 15th. Raymond James restated an "outperform" rating and issued a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, UBS Group lowered their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Six investment 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 MarketBeat, Builders FirstSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

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.