Sherbrooke Park Advisers LLC Purchases New Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sherbrooke Park Advisers LLC bought a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,282 shares of the company's stock, valued at approximately $755,000.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in shares of Builders FirstSource by 211.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 195,658 shares of the company's stock worth $27,965,000 after acquiring an additional 132,913 shares during the period. Park Avenue Securities LLC lifted its holdings in Builders FirstSource by 46.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,088 shares of the company's stock worth $870,000 after purchasing an additional 1,932 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Builders FirstSource by 104.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 655 shares of the company's stock worth $94,000 after purchasing an additional 334 shares during the period. Gateway Investment Advisers LLC grew its holdings in Builders FirstSource by 30.1% during the 4th quarter. Gateway Investment Advisers LLC now owns 4,045 shares of the company's stock valued at $578,000 after buying an additional 936 shares in the last quarter. Finally, Avanza Fonder AB bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $1,873,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

BLDR has been the subject of a number of research reports. 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. Barclays decreased their price target on shares of Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $132.00 target price on shares of Builders FirstSource in a report on Thursday, May 15th. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd. Finally, Stifel Nicolaus cut their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Trading Up 0.1%

Shares of NYSE:BLDR traded up $0.07 during trading hours on Thursday, hitting $108.45. 1,327,726 shares of the company's stock traded hands, compared to its average volume of 1,677,863. The firm has a market capitalization of $11.99 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The business has a fifty day moving average price of $119.89 and a 200-day moving average price of $145.35. Builders FirstSource, Inc. has a 1 year low of $103.81 and a 1 year high of $203.14. 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 (NYSE:BLDR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) 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 analysts' expectations of $3.67 billion. During the same quarter in the previous year, the business earned $2.65 EPS. Builders FirstSource's revenue was down 6.0% compared to the same quarter last year. Equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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