Cetera Investment Advisers Increases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Cetera Investment Advisers lifted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.2% in the 4th quarter, Holdings Channel reports. The fund owned 39,900 shares of the company’s stock after buying an additional 2,342 shares during the quarter. Cetera Investment Advisers’ holdings in Builders FirstSource were worth $5,703,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Builders FirstSource by 3.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after acquiring an additional 64 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Builders FirstSource by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after acquiring an additional 65 shares during the period. TFB Advisors LLC grew its stake in shares of Builders FirstSource by 2.1% during the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after acquiring an additional 79 shares during the period. HighPoint Advisor Group LLC grew its stake in shares of Builders FirstSource by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after acquiring an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC grew its stake in shares of Builders FirstSource by 6.0% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock worth $214,000 after acquiring an additional 85 shares during the period. Institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BLDR shares. 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 research note on Monday, May 5th. Raymond James reiterated an “outperform” rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Loop Capital cut their target price 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. Benchmark cut their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada cut their target price on Builders FirstSource from $162.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus price target of $167.58.

Builders FirstSource Stock Up 4.9%

BLDR opened at $123.83 on Wednesday. The stock has a market cap of $13.69 billion, a PE ratio of 13.67, a P/E/G ratio of 0.80 and a beta of 1.79. 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 52 week low of $103.81 and a 52 week high of $203.14. The business’s fifty day simple moving average is $121.51 and its 200 day simple moving average is $147.57.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 earnings per share. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share buyback plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Builders FirstSource 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.