Tabor Asset Management LP Has $1.93 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Tabor Asset Management LP cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 56.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,530 shares of the company's stock after selling 17,344 shares during the quarter. Tabor Asset Management LP's holdings in Builders FirstSource were worth $1,934,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its position in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after buying an additional 134 shares during the period. Mountain Lake Investment Management LLC raised its stake in Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after purchasing an additional 2,367 shares during the period. Fisher Asset Management LLC raised its stake in Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock valued at $28,084,000 after purchasing an additional 25,535 shares during the period. Fiera Capital Corp acquired a new stake in Builders FirstSource during the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. raised its stake in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after purchasing an additional 9,970 shares during the period. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $1.68 during mid-day trading on Friday, hitting $108.16. 1,382,517 shares of the stock were exchanged, compared to its average volume of 1,679,050. The company has a market cap of $11.95 billion, a P/E ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79. The stock's fifty day simple moving average is $119.12 and its two-hundred day simple moving average is $144.42. 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 twelve month low of $103.81 and a twelve month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.65 earnings per share. As a group, analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BLDR. Truist Financial dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Barclays decreased their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and issued a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group cut their price target on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Six investment 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.