Delta Investment Management LLC Grows Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Delta Investment Management LLC grew its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 19.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,517 shares of the company’s stock after acquiring an additional 416 shares during the period. Delta Investment Management LLC’s holdings in Builders FirstSource were worth $360,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Builders FirstSource by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company’s stock valued at $278,000 after acquiring an additional 64 shares during the last quarter. TFB Advisors LLC boosted its holdings in Builders FirstSource by 2.1% during the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock worth $546,000 after buying an additional 79 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in Builders FirstSource by 5.2% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company’s stock worth $262,000 after buying an additional 83 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Builders FirstSource by 6.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company’s stock worth $214,000 after buying an additional 85 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Builders FirstSource by 2.3% during the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company’s stock worth $628,000 after buying an additional 98 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $117.45 on Tuesday. The stock has a market cap of $12.98 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $120.40 and a 200-day moving average of $145.83. Builders FirstSource, Inc. has a 52 week low of $103.81 and a 52 week high of $203.14.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.67 billion. During the same period last year, the business posted $2.65 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has approved a stock repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BLDR shares. Robert W. Baird set a $130.00 price target on shares of Builders FirstSource in a report 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 on the stock in a report on Monday, May 5th. Barclays decreased their price objective on shares of Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Loop Capital decreased their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a report on Tuesday, April 1st. They set a “buy” rating and a $151.00 price objective on the stock. Six equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.58.

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.