Rafferty Asset Management LLC Increases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Rafferty Asset Management LLC lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 18.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,777 shares of the company’s stock after buying an additional 7,180 shares during the quarter. Rafferty Asset Management LLC’s holdings in Builders FirstSource were worth $6,543,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BLDR. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of Builders FirstSource during the 4th quarter valued at approximately $34,000. Avion Wealth lifted its stake in shares of Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Builders FirstSource by 91.2% during the 4th quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after buying an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after buying an additional 134 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $120.57 on Friday. The company’s fifty day moving average price is $120.65 and its 200-day moving average price is $146.38. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a one year low of $103.81 and a one 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) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.65 EPS. On average, equities research analysts anticipate 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 stock buyback plan on Thursday, May 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently commented on BLDR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target on the stock. Loop Capital lowered their target price on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Stephens lowered their target price 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, May 2nd. UBS Group lowered their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Six equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $167.58.

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.