Turtle Creek Asset Management Inc. Acquires 5,900 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

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

Several other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Smartleaf Asset Management LLC boosted its holdings 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 acquiring an additional 134 shares during the period. Mountain Lake Investment Management LLC lifted its holdings 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 worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Builders FirstSource by 14.9% in 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 position in Builders FirstSource in the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. increased its position in Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock worth $3,151,000 after buying an additional 9,970 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR traded down $3.11 during mid-day trading on Tuesday, reaching $114.49. The company had a trading volume of 1,369,373 shares, compared to its average volume of 1,676,214. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The company's 50 day simple moving average is $120.24 and its 200 day simple moving average is $145.61. 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 posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $2.65 earnings per share. 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 repurchase 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Benchmark cut their price objective 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. UBS Group decreased 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. Loop Capital dropped their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays reduced their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Six 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. Based on data from MarketBeat.com, the stock currently 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.