Builders FirstSource, Inc. (NYSE:BLDR) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 34.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,587 shares of the company’s stock after acquiring an additional 6,534 shares during the quarter. ProShare Advisors LLC’s holdings in Builders FirstSource were worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Park Avenue Securities LLC increased its holdings in shares of Builders FirstSource by 46.5% in the fourth quarter. Park Avenue Securities LLC now owns 6,088 shares of the company’s stock valued at $870,000 after buying an additional 1,932 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new position in Builders FirstSource in the 4th quarter worth about $233,000. Merit Financial Group LLC purchased a new position in Builders FirstSource in the 4th quarter worth about $251,000. Brady Martz Wealth Solutions LLC purchased a new position in Builders FirstSource in the 4th quarter worth about $225,000. Finally, Diversify Advisory Services LLC increased its stake in Builders FirstSource by 103.1% in the 4th quarter. Diversify Advisory Services LLC now owns 2,701 shares of the company’s stock worth $378,000 after purchasing an additional 1,371 shares in the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

NYSE BLDR opened at $117.45 on Tuesday. 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 stock has a market capitalization of $12.98 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a 50 day moving average price of $120.40 and a two-hundred day moving average price of $145.83. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share 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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the company earned $2.65 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock buyback plan on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLDR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday, May 15th. Raymond James reaffirmed an “outperform” rating and issued a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a research note on Monday, May 5th. Truist Financial decreased their price objective on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Builders FirstSource in a research note on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.58.

Builders FirstSource Company 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.