5,284 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Acquired by Caxton Associates LP

Caxton Associates LP bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, Holdings Channel.com reports. The fund bought 5,284 shares of the company’s stock, valued at approximately $755,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock worth $278,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares in the last quarter. TFB Advisors LLC lifted its position 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 valued at $546,000 after acquiring an additional 79 shares during the period. HighPoint Advisor Group LLC lifted its position 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 valued at $262,000 after acquiring an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC boosted its stake in Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock worth $214,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BLDR. Truist Financial dropped their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. UBS Group dropped their price target on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reiterated an “outperform” rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a research note on Friday. Six investment 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 currently has an average rating of “Moderate Buy” and an average price target of $167.58.

Builders FirstSource Trading Down 4.1 %

Shares of BLDR stock opened at $107.29 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm has a market cap of $12.20 billion, a P/E ratio of 11.84, a PEG ratio of 0.80 and a beta of 1.79. The company has a 50 day moving average of $123.56 and a 200-day moving average of $149.92. Builders FirstSource, Inc. has a 12-month low of $106.66 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR) last issued its earnings results 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. The firm had revenue of $3.66 billion for 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%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.65 earnings per share. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is 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.