Shell Asset Management Co. Has $371,000 Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Shell Asset Management Co. grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 49.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,595 shares of the company’s stock after purchasing an additional 864 shares during the period. Shell Asset Management Co.’s holdings in Builders FirstSource were worth $371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BLDR. Sherbrooke Park Advisers LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at about $755,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at about $8,795,000. Royal Bank of Canada boosted its position in shares of Builders FirstSource by 39.1% during the 4th quarter. Royal Bank of Canada now owns 198,709 shares of the company’s stock valued at $28,403,000 after acquiring an additional 55,875 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Builders FirstSource by 18.6% during the 4th quarter. Rafferty Asset Management LLC now owns 45,777 shares of the company’s stock valued at $6,543,000 after acquiring an additional 7,180 shares in the last quarter. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Builders FirstSource during the 4th quarter valued at about $154,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 2.2%

BLDR opened at $120.57 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $13.33 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The firm has a 50 day simple moving average of $120.65 and a 200 day simple moving average of $146.21. Builders FirstSource, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Builders FirstSource’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. On average, 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 authorized a share buyback program 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 programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

BLDR has been the topic of several recent research reports. The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets decreased their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a “hold” rating on the stock in a research report on Monday, May 5th. Loop Capital reduced their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price target on the stock. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.