Aigen Investment Management LP Buys Shares of 9,286 Builders FirstSource, Inc. $BLDR

Aigen Investment Management LP bought a new stake in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,286 shares of the company’s stock, valued at approximately $955,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Builders FirstSource by 2.3% in the fourth quarter. State Street Corp now owns 5,108,120 shares of the company’s stock valued at $525,574,000 after buying an additional 115,857 shares in the last quarter. Capital International Investors purchased a new position in shares of Builders FirstSource during the 3rd quarter worth approximately $429,640,000. Geode Capital Management LLC increased its stake in shares of Builders FirstSource by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock worth $288,789,000 after purchasing an additional 14,420 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Builders FirstSource by 37.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after purchasing an additional 725,905 shares in the last quarter. Finally, Sands Capital Management LLC increased its stake in shares of Builders FirstSource by 139.1% during the 3rd quarter. Sands Capital Management LLC now owns 2,430,902 shares of the company’s stock worth $294,747,000 after purchasing an additional 1,414,129 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $115.00 to $93.00 and set a “hold” rating for the company in a research note on Monday, March 16th. KeyCorp dropped their price objective on shares of Builders FirstSource from $145.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. William Blair assumed coverage on shares of Builders FirstSource in a research note on Thursday, February 26th. They set an “outperform” rating for the company. Finally, Barclays dropped their price objective on shares of Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource has a consensus rating of “Hold” and an average target price of $101.88.

Builders FirstSource Stock Up 0.1%

Shares of BLDR opened at $77.81 on Monday. The firm has a market cap of $8.37 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. The company’s fifty day moving average is $79.28 and its two-hundred day moving average is $97.17. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03. The company has a quick ratio of 1.09, a current ratio of 1.76 and a debt-to-equity ratio of 1.15.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.51 EPS. Analysts forecast that Builders FirstSource, Inc. will post 4.26 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has authorized a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.