Ontario Teachers Pension Plan Board Takes $773,000 Position in Builders FirstSource, Inc. (NYSE:BLDR)

Ontario Teachers Pension Plan Board purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,985 shares of the company's stock, valued at approximately $773,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BLDR. Cyndeo Wealth Partners LLC boosted its holdings in Builders FirstSource by 3.7% during the third quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company's stock valued at $305,000 after purchasing an additional 56 shares in the last quarter. World Equity Group Inc. boosted its holdings in Builders FirstSource by 4.1% during the third quarter. World Equity Group Inc. now owns 1,632 shares of the company's stock valued at $316,000 after purchasing an additional 64 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Builders FirstSource by 0.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,240 shares of the company's stock valued at $1,417,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock valued at $35,000 after purchasing an additional 75 shares in the last quarter. Finally, Csenge Advisory Group boosted its holdings in Builders FirstSource by 1.9% during the second quarter. Csenge Advisory Group now owns 4,252 shares of the company's stock valued at $589,000 after purchasing an additional 81 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Builders FirstSource news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This represents a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Builders FirstSource Stock Up 1.5 %

Shares of NYSE BLDR traded up $2.61 during trading on Friday, hitting $178.52. 825,865 shares of the company traded hands, compared to its average volume of 1,559,531. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. 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 business's fifty day moving average is $186.33 and its 200 day moving average is $167.97. The firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the company earned $4.24 earnings per share. The firm's revenue was down 6.7% on a year-over-year basis. Equities research analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has initiated a stock buyback program on Tuesday, August 6th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on BLDR. Loop Capital lifted their price objective on Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a report on Friday, September 20th. Stephens lifted their price objective on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. UBS Group initiated coverage on Builders FirstSource in a report on Friday, October 25th. They issued a "buy" rating and a $232.00 target price on the stock. Bank of America boosted their target price on Builders FirstSource from $165.00 to $198.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Finally, Wedbush reissued an "outperform" rating and issued a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Five equities research 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. According to data from MarketBeat.com, Builders FirstSource has an average rating of "Moderate Buy" and an average price target of $206.47.

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.