Westbourne Investments Inc. Invests $1.66 Million in Builders FirstSource, Inc. (NYSE:BLDR)

Westbourne Investments Inc. acquired a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,594 shares of the company's stock, valued at approximately $1,657,000. Builders FirstSource comprises about 1.0% of Westbourne Investments Inc.'s holdings, making the stock its 29th biggest position.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock valued at $1,557,703,000 after purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. boosted its position in shares of Builders FirstSource by 1.2% in the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after buying an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Builders FirstSource by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after acquiring an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BLDR. Benchmark cut their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Truist Financial reduced their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. The Goldman Sachs Group dropped their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stephens decreased their price target 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. Finally, Barclays cut their price objective 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. Six 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $172.42.

Builders FirstSource Trading Down 2.0 %

Shares of BLDR stock traded down $2.25 during mid-day trading on Monday, reaching $111.88. The company's stock had a trading volume of 1,790,562 shares, compared to its average volume of 1,702,060. The company's 50 day simple moving average is $124.81 and its 200-day simple moving average is $150.80. The firm has a market capitalization of $12.73 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 12-month low of $110.84 and a 12-month high of $203.14. 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 (NYSE:BLDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (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 company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the company earned $2.65 earnings per share. Builders FirstSource's revenue for the quarter was down 6.0% on a year-over-year basis. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

Builders FirstSource Company 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.