Nuveen Asset Management LLC Sells 3,994 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Nuveen Asset Management LLC lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 750,869 shares of the company's stock after selling 3,994 shares during the period. Nuveen Asset Management LLC owned 0.65% of Builders FirstSource worth $107,322,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter worth about $34,000. Avion Wealth raised 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. raised 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 raised 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 owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 2.6%

Shares of BLDR stock traded down $3.11 during mid-day trading on Tuesday, hitting $114.49. The company's stock had a trading volume of 1,369,373 shares, compared to its average volume of 1,676,624. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The stock has a market cap of $12.65 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.80 and a beta of 1.79. The business has a 50-day moving average price of $120.40 and a 200 day moving average price of $145.83. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) 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 firm had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter last year, the business posted $2.65 earnings per share. The firm's revenue was down 6.0% on a year-over-year basis. Research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase 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 shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial lowered their price objective 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. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a report on Friday, May 2nd. Raymond James restated an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Stephens reduced their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target for the company. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

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.