Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,476 shares of the company's stock after buying an additional 6,631 shares during the quarter. Tidal Investments LLC's holdings in Builders FirstSource were worth $3,784,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new position in Builders FirstSource in the fourth quarter valued at about $34,000. Avion Wealth raised its position in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the period. Mather Group LLC. lifted its stake in shares of 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 purchasing an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLDR has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Benchmark dropped their price objective 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. UBS Group reduced their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets decreased their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research note on Thursday, May 15th. 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Stock Performance

Shares of BLDR traded down $1.68 during mid-day trading on Friday, hitting $108.16. The stock had a trading volume of 1,382,517 shares, compared to its average volume of 1,679,052. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market cap of $11.95 billion, a PE ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79. The company's fifty day simple moving average is $119.12 and its two-hundred day simple moving average is $144.42.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period last year, the business posted $2.65 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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

Builders FirstSource 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.