Jacobs Levy Equity Management Inc. Raises Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Jacobs Levy Equity Management Inc. grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 35.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 760,771 shares of the company's stock after acquiring an additional 199,251 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.66% of Builders FirstSource worth $108,737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Builders FirstSource in the 4th quarter worth $199,890,000. Voya Investment Management LLC lifted its stake in Builders FirstSource by 174.2% in the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock worth $202,374,000 after acquiring an additional 899,841 shares during the period. 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 worth $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC increased its position 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 purchasing an additional 645,746 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Builders FirstSource by 47.2% in 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 purchasing an additional 623,583 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $110.69 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The business has a fifty day moving average of $122.03 and a 200 day moving average of $148.41. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. 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 released 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 during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. The company's revenue was down 6.0% compared to the same quarter last year. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a share repurchase plan on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLDR shares. Barclays dropped their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Benchmark reduced their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Stifel Nicolaus reduced their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Finally, Truist Financial lowered their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, February 21st. 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 a consensus rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Company 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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