Northern Trust Corp Buys 105,158 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Northern Trust Corp grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,139,775 shares of the company's stock after buying an additional 105,158 shares during the quarter. Northern Trust Corp owned about 0.99% of Builders FirstSource worth $162,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BLDR. FMR LLC raised its position in shares of Builders FirstSource by 7.3% during the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after purchasing an additional 740,214 shares during the period. Invesco Ltd. raised its holdings in Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock valued at $322,105,000 after acquiring an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Builders FirstSource by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after buying an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in 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 buying an additional 623,583 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BLDR. 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 dropped their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research 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. Royal Bank of Canada reduced their target price on Builders FirstSource from $162.00 to $132.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a report on Monday. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded up $4.15 on Thursday, hitting $110.14. The company's stock had a trading volume of 732,311 shares, compared to its average volume of 1,680,445. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The stock's 50-day moving average is $122.90 and its two-hundred day moving average is $149.62. 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 (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has authorized a stock repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management 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.