Twinbeech Capital LP Buys Shares of 182,892 Builders FirstSource, Inc. (NYSE:BLDR)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Norges Bank bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $199,890,000. Voya Investment Management LLC boosted its stake in Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after buying an additional 899,841 shares during the period. FMR LLC boosted its stake in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after purchasing an additional 645,746 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares during the period. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

BLDR stock traded down $1.68 during midday trading on Friday, reaching $108.16. The stock had a trading volume of 1,382,517 shares, compared to its average volume of 1,679,050. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company's fifty day simple moving average is $119.12 and its 200 day simple moving average is $144.42. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $2.65 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of research reports. BMO Capital Markets lowered their price objective 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. Benchmark cut their price objective on shares of Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 target price on the stock. Stephens dropped their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Raymond James restated an "outperform" rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company 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.