Nuveen Asset Management LLC trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 750,869 shares of the company's stock after selling 3,994 shares during the quarter. Nuveen Asset Management LLC owned 0.65% of Builders FirstSource worth $107,322,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in 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 buying an additional 134 shares in the last quarter. Mountain Lake Investment Management LLC lifted its position in shares of Builders FirstSource by 7.0% in the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company's stock worth $5,201,000 after acquiring an additional 2,367 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company's stock worth $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Builders FirstSource during the 4th quarter worth approximately $27,089,000. Finally, Lecap Asset Management Ltd. increased its position in shares of Builders FirstSource by 82.6% during the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company's stock valued at $3,151,000 after purchasing an additional 9,970 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.
Builders FirstSource Price Performance
BLDR stock traded down $0.14 during midday trading on Thursday, reaching $108.24. 1,102,244 shares of the company's stock traded hands, compared to its average volume of 1,677,197. The company has a 50-day simple moving average of $119.89 and a two-hundred day simple moving average of $145.35. 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, Inc. has a 1-year low of $103.81 and a 1-year high of $203.14. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.80 and a beta of 1.79.
Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating 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 company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company posted $2.65 earnings per share. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.
Builders FirstSource announced that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on BLDR. Barclays reduced their target price 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. Loop Capital dropped their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a "buy" rating and a $151.00 price objective for the company. Stephens lowered their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Finally, UBS Group dropped their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Six research 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 MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and a consensus price target of $167.58.
View Our Latest Research Report on Builders FirstSource
Builders FirstSource Company Profile
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Free Report)
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.
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