Twinbeech Capital LP Purchases New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Twinbeech Capital LP purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 182,892 shares of the company's stock, valued at approximately $26,141,000. Twinbeech Capital LP owned about 0.16% of Builders FirstSource at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC raised its position in Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock valued at $5,201,000 after buying an additional 2,367 shares during the last quarter. Fisher Asset Management LLC raised its position 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 buying an additional 25,535 shares during the last quarter. Fiera Capital Corp purchased a new stake in Builders FirstSource in the 4th quarter valued at $27,089,000. Finally, Lecap Asset Management Ltd. raised its position in Builders FirstSource by 82.6% in the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after buying an additional 9,970 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Up 2.2%

BLDR stock opened at $120.57 on Monday. 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 has a market capitalization of $13.33 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14. The stock has a fifty day moving average of $120.65 and a 200-day moving average of $146.21.

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

Builders FirstSource declared that its Board of Directors has approved a stock repurchase program 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have issued reports on BLDR shares. BMO Capital Markets reduced their price objective on 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. Royal Bank of Canada restated an "outperform" rating and issued a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday. Stephens reduced their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price objective for the company. Finally, UBS Group reduced their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

About Builders FirstSource

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.

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