Focus Partners Wealth Purchases 19,433 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Focus Partners Wealth boosted its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 1,040.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,301 shares of the company's stock after acquiring an additional 19,433 shares during the period. Focus Partners Wealth's holdings in Builders FirstSource were worth $3,045,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in Builders FirstSource during the 4th quarter valued at about $199,890,000. Voya Investment Management LLC grew its holdings in Builders FirstSource by 174.2% during the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after buying an additional 899,841 shares in the last quarter. FMR LLC grew its holdings in Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock valued at $92,891,000 after buying an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its holdings in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after buying an additional 623,583 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 1.4%

Builders FirstSource stock opened at $117.87 on Friday. 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 business's 50-day simple moving average is $120.84 and its two-hundred day simple moving average is $146.92. The company has a market cap of $13.03 billion, a PE ratio of 13.01, 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.

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 analysts' consensus estimates 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 the consensus estimate of $3.67 billion. During the same quarter in the prior year, the business earned $2.65 earnings per share. The company's revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BLDR. Deutsche Bank Aktiengesellschaft began coverage on Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective for the company. BMO Capital Markets cut their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Truist Financial cut their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 21st. Stephens cut their price objective on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Six research 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.com, the stock currently has an average rating of "Moderate Buy" and an average 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.

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