Lazard Asset Management LLC Has $3.65 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Lazard Asset Management LLC increased its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 44.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,553 shares of the company's stock after purchasing an additional 7,869 shares during the quarter. Lazard Asset Management LLC's holdings in Builders FirstSource were worth $3,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its stake in shares of Builders FirstSource by 35.5% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 760,771 shares of the company's stock worth $108,737,000 after purchasing an additional 199,251 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of Builders FirstSource by 6.4% during the 4th quarter. Gotham Asset Management LLC now owns 121,036 shares of the company's stock worth $17,300,000 after buying an additional 7,255 shares during the period. Focus Partners Wealth boosted its holdings in shares of Builders FirstSource by 1,040.3% during the 4th quarter. Focus Partners Wealth now owns 21,301 shares of the company's stock worth $3,045,000 after buying an additional 19,433 shares during the period. Clark Capital Management Group Inc. boosted its holdings in Builders FirstSource by 9.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 1,519 shares of the company's stock valued at $217,000 after purchasing an additional 134 shares during the period. Finally, Coliseum Capital Management LLC bought a new stake in Builders FirstSource in the 4th quarter valued at $45,334,000. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 2.6%

Shares of NYSE:BLDR traded down $3.11 during midday trading on Tuesday, reaching $114.49. 1,369,373 shares of the company were exchanged, compared to its average volume of 1,676,623. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The stock has a fifty day simple moving average of $120.40 and a two-hundred day simple moving average of $145.83. The firm has a market cap of $12.65 billion, a PE ratio of 12.64, a P/E/G ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the business posted $2.65 earnings per share. The firm's quarterly revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on BLDR. Benchmark reduced their price target 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. Barclays dropped their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Raymond James reiterated an "outperform" rating and set a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Truist Financial lowered their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, Stephens reduced their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued 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 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.