3,985 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board acquired a new stake in Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,985 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLDR. Innealta Capital LLC acquired a new position in Builders FirstSource in the second quarter valued at $27,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the third quarter valued at about $30,000. First Horizon Advisors Inc. lifted its stake in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of Builders FirstSource in the second quarter worth about $38,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $175.94 on Friday. The company has a market cap of $20.25 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.00 and a beta of 2.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. The stock’s 50-day simple moving average is $186.33 and its 200 day simple moving average is $167.92. Builders FirstSource, Inc. has a 52-week low of $130.75 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter last year, the firm posted $4.24 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource declared that its board has approved a share buyback program on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLDR. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Bank of America increased their price objective on shares of Builders FirstSource from $165.00 to $198.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Royal Bank of Canada upped their price target on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group began coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 price target on the stock. Finally, DA Davidson boosted their price objective on Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a hold rating, fourteen 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 has a consensus rating of “Moderate Buy” and an average target price of $206.47.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the transaction, the director now directly owns 33,083 shares in the company, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

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.