Turtle Creek Asset Management Inc. Raises Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Turtle Creek Asset Management Inc. lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,140 shares of the company's stock after purchasing an additional 5,900 shares during the quarter. Turtle Creek Asset Management Inc.'s holdings in Builders FirstSource were worth $2,736,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BLDR. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource during the fourth quarter worth $34,000. Avion Wealth lifted its stake 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 acquiring an additional 306 shares during the last quarter. Mather Group LLC. grew its position in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock valued at $71,000 after acquiring an additional 237 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Trading Down 1.9%

Shares of BLDR traded down $2.07 during mid-day trading on Friday, hitting $107.77. 630,257 shares of the company's stock traded hands, compared to its average volume of 1,677,079. 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 firm has a market capitalization of $11.91 billion, a P/E ratio of 11.89, a PEG ratio of 0.80 and a beta of 1.79. The business's 50-day moving average price is $119.52 and its 200-day moving average price is $144.92. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the firm earned $2.65 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut 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. Truist Financial lowered their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus decreased their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price for the company. Finally, Raymond James reaffirmed an "outperform" rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $167.58.

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.