Captrust Financial Advisors Boosts Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Captrust Financial Advisors grew its position in Builders FirstSource, Inc. (NYSE:BLDR) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,701 shares of the company’s stock after purchasing an additional 1,019 shares during the quarter. Captrust Financial Advisors’ holdings in Builders FirstSource were worth $4,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its position in shares of Builders FirstSource by 7.3% in the 4th quarter. FMR LLC now owns 10,898,366 shares of the company’s stock valued at $1,557,703,000 after acquiring an additional 740,214 shares during the period. Invesco Ltd. raised its stake in shares of Builders FirstSource by 1.2% in the fourth quarter. Invesco Ltd. now owns 2,253,588 shares of the company’s stock worth $322,105,000 after purchasing an additional 26,314 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Builders FirstSource by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after purchasing an additional 77,666 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 47.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock valued at $277,776,000 after buying an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. increased its holdings in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after buying an additional 285,458 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $110.69 on Friday. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 12.22, 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. The firm has a 50-day simple moving average of $122.03 and a 200-day simple moving average of $148.62. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its 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 for the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business’s revenue was down 6.0% on a year-over-year basis. During the same period last year, the company posted $2.65 EPS. On average, 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 approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Raymond James reiterated 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. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price objective for the company. Loop Capital dropped their target price on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research report on Friday, May 2nd. Finally, Royal Bank of Canada dropped their price objective on shares of Builders FirstSource from $162.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Six 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.