Malaga Cove Capital LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Malaga Cove Capital LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,981 shares of the company's stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource in the 4th quarter worth $34,000. Avion Wealth lifted its holdings in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Builders FirstSource by 91.2% in the 4th quarter. Mather Group LLC. now owns 497 shares of the company's stock worth $71,000 after purchasing an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Builders FirstSource by 34.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock worth $74,000 after purchasing an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent research reports. Loop Capital cut their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays lowered their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. UBS Group lowered their price target 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. Benchmark lowered 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $132.00 price target on shares of Builders FirstSource in a research report on Thursday. Six 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. According to data from MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus target price of $167.58.

Builders FirstSource Stock Performance

Shares of Builders FirstSource stock traded up $2.61 during trading hours on Friday, hitting $120.57. 1,601,485 shares of the company's stock traded hands, compared to its average volume of 1,679,320. The company has a fifty day simple moving average of $120.65 and a 200-day simple moving average of $146.57. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

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

Builders FirstSource announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

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.