Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 95.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 176 shares of the company's stock after selling 3,877 shares during the quarter. Plato Investment Management Ltd's holdings in Builders FirstSource were worth $34,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BLDR. Cyndeo Wealth Partners LLC boosted its position in Builders FirstSource by 3.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company's stock valued at $305,000 after buying an additional 56 shares during the last quarter. World Equity Group Inc. boosted its holdings in Builders FirstSource by 4.1% in 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 during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Builders FirstSource by 0.7% during the 2nd 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. increased its holdings in Builders FirstSource by 42.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 253 shares of the company's stock worth $35,000 after purchasing an additional 75 shares during the last quarter. Finally, Csenge Advisory Group raised its position in shares of Builders FirstSource by 1.9% in the 2nd 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 owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

Shares of BLDR traded down $4.92 during mid-day trading on Friday, reaching $176.28. 1,073,012 shares of the company's stock traded hands, compared to its average volume of 1,568,045. 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 50-day moving average price is $185.83 and its 200-day moving average price is $168.18. The stock has a market capitalization of $20.29 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08. Builders FirstSource, Inc. has a 12 month low of $129.80 and a 12 month high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same quarter last year, the firm posted $4.24 EPS. The company's revenue was down 6.7% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post 11.56 earnings per share for the current year.

Builders FirstSource declared that its board has initiated a share repurchase program on Tuesday, August 6th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the sale, the director now owns 33,083 shares of the company's stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BLDR. B. Riley decreased their price target on shares of Builders FirstSource from $197.00 to $187.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. Barclays raised their price objective on shares of Builders FirstSource from $182.00 to $211.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Tuesday. Oppenheimer reiterated an "outperform" rating and issued a $225.00 price target on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group assumed coverage on Builders FirstSource in a research note on Thursday, October 10th. They set a "buy" rating and a $225.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $206.47.

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.