2,981 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Purchased by Malaga Cove Capital LLC

Malaga Cove Capital LLC purchased a new stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,981 shares of the company's stock, valued at approximately $426,000.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares during the last quarter. Mountain Lake Investment Management LLC raised its stake in shares of Builders FirstSource by 7.0% during the fourth quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after purchasing an additional 2,367 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of 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 period. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $27,089,000. Finally, Lecap Asset Management Ltd. lifted its holdings in shares of 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 period. Hedge funds and other institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

BLDR has been the subject of several research analyst reports. 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 research report on Friday, February 21st. Loop Capital cut their price objective on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Raymond James reiterated 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. UBS Group cut their price objective on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 price target on Builders FirstSource in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Trading Down 2.2%

Shares of NYSE:BLDR traded down $2.69 during trading on Monday, reaching $117.95. 794,750 shares of the stock were exchanged, compared to its average volume of 1,674,168. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The firm's 50-day moving average price is $120.65 and its 200 day moving average price is $146.21.

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. 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 analysts' expectations of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. The company's revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

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.