Cetera Investment Advisers Buys 2,342 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Cetera Investment Advisers boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,900 shares of the company’s stock after acquiring an additional 2,342 shares during the period. Cetera Investment Advisers’ holdings in Builders FirstSource were worth $5,703,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $199,890,000. Voya Investment Management LLC boosted its holdings in shares of Builders FirstSource by 174.2% during the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock worth $202,374,000 after buying an additional 899,841 shares in the last quarter. FMR LLC boosted its holdings in shares of Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company’s stock worth $1,557,703,000 after buying an additional 740,214 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after buying an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of 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 worth $277,776,000 after buying an additional 623,583 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BLDR has been the topic of a number of research analyst reports. Stephens cut their price target on Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Raymond James restated an “outperform” rating and set a $140.00 price target (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. UBS Group cut their price target on Builders FirstSource from $180.00 to $163.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Royal Bank of Canada cut their target price on Builders FirstSource from $162.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on Builders FirstSource from $125.00 to $118.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $167.58.

Builders FirstSource Trading Up 4.9%

NYSE BLDR opened at $123.83 on Wednesday. The firm has a market capitalization of $13.69 billion, a P/E ratio of 13.67, a PEG ratio of 0.80 and a beta of 1.79. The business has a fifty day simple moving average of $121.51 and a 200 day simple moving average of $147.57. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last announced 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. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the firm posted $2.65 EPS. The business’s revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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

About Builders FirstSource

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.