Polar Capital Holdings Plc Acquires Shares of 52,688 Builders FirstSource, Inc. (NYSE:BLDR)

Polar Capital Holdings Plc acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 52,688 shares of the company's stock, valued at approximately $7,531,000.

Several other large investors have also modified their holdings of BLDR. Czech National Bank raised its stake in shares of Builders FirstSource by 5.2% in the 4th quarter. Czech National Bank now owns 24,953 shares of the company's stock valued at $3,567,000 after buying an additional 1,231 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Builders FirstSource in the 4th quarter valued at $405,000. Assenagon Asset Management S.A. raised its stake in shares of Builders FirstSource by 211.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 195,658 shares of the company's stock valued at $27,965,000 after buying an additional 132,913 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Builders FirstSource by 46.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,088 shares of the company's stock valued at $870,000 after buying an additional 1,932 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Builders FirstSource by 104.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company's stock valued at $94,000 after buying an additional 334 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. Loop Capital dropped their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, UBS Group dropped their target price 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 investment 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $167.58.

Builders FirstSource Stock Down 3.3%

BLDR traded down $3.75 during trading on Wednesday, reaching $110.87. 1,423,003 shares of the stock were exchanged, compared to its average volume of 1,675,471. The stock has a market cap of $12.25 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a twelve month low of $103.81 and a twelve month high of $203.14. The stock's 50 day moving average price is $120.24 and its two-hundred day moving average price is $145.61. 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 released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the previous year, the company earned $2.65 earnings per share. The company's quarterly revenue was down 6.0% on a year-over-year basis. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource declared that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its shares are 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.