Royal Bank of Canada Purchases 55,875 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Royal Bank of Canada boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 39.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,709 shares of the company's stock after buying an additional 55,875 shares during the period. Royal Bank of Canada owned approximately 0.17% of Builders FirstSource worth $28,403,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC grew its stake in Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Invesco Ltd. grew its stake in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after buying an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after buying an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in Builders FirstSource by 47.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock valued at $237,753,000 after buying an additional 285,458 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Up 2.9%

Builders FirstSource stock traded up $3.13 during mid-day trading on Tuesday, hitting $111.46. The company's stock had a trading volume of 1,644,565 shares, compared to its average volume of 1,679,817. 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 cap of $12.32 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The business has a 50 day moving average price of $118.72 and a 200-day moving average price of $143.46. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion during 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 firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.65 earnings per share. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has authorized a stock repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. UBS Group cut their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Benchmark cut their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Loop Capital cut their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.58.

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.