Malaga Cove Capital LLC Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Malaga Cove Capital LLC bought a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,981 shares of the company’s stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BLDR. Meiji Yasuda Asset Management Co Ltd. boosted 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 in the last quarter. Integrated Investment Consultants LLC raised its holdings in Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after purchasing an additional 65 shares during the period. TFB Advisors LLC boosted its position in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after purchasing an additional 79 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock valued at $262,000 after purchasing an additional 83 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in shares of Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock valued at $214,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 4.9%

Shares of BLDR opened at $123.83 on Wednesday. The stock has a fifty day simple moving average of $121.51 and a two-hundred day simple moving average of $147.57. 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 company has a market capitalization of $13.69 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the business earned $2.65 earnings per share. Builders FirstSource’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BLDR. UBS Group dropped their price target 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. Robert W. Baird set a $130.00 target price on shares of Builders FirstSource in a research report on Friday, May 2nd. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $162.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, May 5th. Finally, Loop Capital lowered their price objective on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average 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.