MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 45,499 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 860,990 shares of the company's stock after purchasing an additional 45,499 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.75% of Builders FirstSource worth $123,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its stake in Builders FirstSource by 44.5% in the 4th quarter. Lazard Asset Management LLC now owns 25,553 shares of the company's stock worth $3,652,000 after purchasing an additional 7,869 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Builders FirstSource by 35.5% in 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 period. Gotham Asset Management LLC boosted its stake in Builders FirstSource by 6.4% in the 4th quarter. Gotham Asset Management LLC now owns 121,036 shares of the company's stock worth $17,300,000 after purchasing an additional 7,255 shares during the period. Focus Partners Wealth boosted its stake in Builders FirstSource by 1,040.3% in the 4th quarter. Focus Partners Wealth now owns 21,301 shares of the company's stock worth $3,045,000 after purchasing an additional 19,433 shares during the period. Finally, Clark Capital Management Group Inc. boosted its stake 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 worth $217,000 after purchasing an additional 134 shares during the period. Institutional investors own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLDR shares. Loop Capital dropped their price target 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 set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. BMO Capital Markets dropped their price target on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research report on Monday, May 5th. Barclays dropped 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. Finally, Royal Bank of Canada dropped their price target on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating for the company 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $167.58.

Builders FirstSource Price Performance

Shares of BLDR stock opened at $110.69 on Monday. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.80 and a beta of 1.79. The business's fifty day moving average is $122.03 and its 200 day moving average is $148.18. Builders FirstSource, Inc. has a twelve month low of $103.81 and a twelve month 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.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the firm earned $2.65 earnings per share. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. Research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.