Builders FirstSource, Inc. (NYSE:BLDR) Shares Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,777 shares of the company's stock after purchasing an additional 7,180 shares during the quarter. Rafferty Asset Management LLC's holdings in Builders FirstSource were worth $6,543,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

BLDR has been the subject of a number of research analyst reports. UBS Group decreased their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Benchmark lowered their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Raymond James restated an "outperform" rating and issued a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Stock Down 2.1%

Builders FirstSource stock traded down $2.27 during midday trading on Friday, reaching $107.57. The company's stock had a trading volume of 457,289 shares, compared to its average volume of 1,793,981. 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 market capitalization of $11.89 billion, a P/E ratio of 11.87, a PEG ratio of 0.80 and a beta of 1.79. The stock's 50-day simple moving average is $119.52 and its 200-day simple moving average is $144.92. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week 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, topping 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 company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the business earned $2.65 EPS. Builders FirstSource's revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its Board of Directors has initiated a share buyback program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors 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.