Builders FirstSource, Inc. (NYSE:BLDR) Stake Raised by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 275.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,126 shares of the company's stock after acquiring an additional 77,844 shares during the quarter. Schonfeld Strategic Advisors LLC owned 0.09% of Builders FirstSource worth $15,169,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BLDR. Invst LLC increased its stake in Builders FirstSource by 2.1% during the 3rd quarter. Invst LLC now owns 5,723 shares of the company's stock worth $1,109,000 after buying an additional 117 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Builders FirstSource during the third quarter valued at about $349,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Builders FirstSource during the third quarter worth about $827,000. Tidal Investments LLC lifted its stake in shares of Builders FirstSource by 129.4% in the third quarter. Tidal Investments LLC now owns 19,845 shares of the company's stock worth $3,847,000 after acquiring an additional 11,194 shares in the last quarter. Finally, American Trust boosted its holdings in Builders FirstSource by 5.0% in the third quarter. American Trust now owns 3,626 shares of the company's stock valued at $703,000 after purchasing an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company's stock.

Builders FirstSource Price Performance

Shares of BLDR traded up $2.01 during trading hours on Friday, hitting $113.94. 2,026,911 shares of the company were exchanged, compared to its average volume of 1,701,547. The firm has a fifty day simple moving average of $124.81 and a 200-day simple moving average of $151.43. The company has a market capitalization of $12.96 billion, a PE ratio of 12.58, a PEG ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $110.84 and a one year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly 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. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. Builders FirstSource's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.65 EPS. As a group, sell-side analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share repurchase program on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on BLDR. BMO Capital Markets cut their target price on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a research report on Monday, February 24th. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Truist Financial dropped their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. UBS Group reduced their price target on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Loop Capital decreased their price target on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $174.53.

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.