Rafferty Asset Management LLC Has $6.54 Million Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Rafferty Asset Management LLC boosted its position in Builders FirstSource, Inc. (NYSE:BLDR) by 18.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,777 shares of the company’s stock after buying an additional 7,180 shares during the period. Rafferty Asset Management LLC’s holdings in Builders FirstSource were worth $6,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource in the fourth quarter valued at $34,000. Avion Wealth increased its stake in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares in the last quarter. Mather Group LLC. increased its stake in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a research note on Friday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a “buy” rating and a $151.00 target price for the company. Raymond James reissued an “outperform” rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Barclays decreased their target price on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Finally, Stephens decreased their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.58.

Builders FirstSource Trading Up 2.2%

Shares of BLDR stock opened at $120.57 on Friday. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The company has a 50-day simple moving average of $120.65 and a two-hundred day simple moving average of $146.38. The company 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. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $3.67 billion. During the same period in the prior year, the firm earned $2.65 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a share buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign 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.