Tidal Investments LLC Has $3.78 Million Position in Builders FirstSource, Inc. (NYSE:BLDR)

Tidal Investments LLC raised its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 33.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,476 shares of the company’s stock after acquiring an additional 6,631 shares during the quarter. Tidal Investments LLC’s holdings in Builders FirstSource were worth $3,784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC boosted its position in shares of Builders FirstSource by 46.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,088 shares of the company’s stock worth $870,000 after purchasing an additional 1,932 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new position in Builders FirstSource in the fourth quarter valued at about $233,000. Merit Financial Group LLC bought a new position in Builders FirstSource during the fourth quarter worth about $251,000. Diversify Advisory Services LLC grew its position in shares of Builders FirstSource by 103.1% during the 4th quarter. Diversify Advisory Services LLC now owns 2,701 shares of the company’s stock worth $378,000 after buying an additional 1,371 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Builders FirstSource by 108.3% in the 4th quarter. UMB Bank n.a. now owns 629 shares of the company’s stock valued at $90,000 after acquiring an additional 327 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of several recent analyst reports. Stephens reduced their price objective on shares of Builders FirstSource from $145.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Raymond James reiterated an “outperform” rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 price objective for the company. Finally, The Goldman Sachs Group reduced their target price on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Six analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $167.58.

Builders FirstSource Stock Performance

Shares of BLDR opened at $114.49 on Wednesday. The stock has a market capitalization of $12.65 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The firm has a fifty day simple moving average of $120.24 and a 200 day simple moving average of $145.61. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The company 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%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.65 EPS. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a stock repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is 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.