Public Employees Retirement System of Ohio Sells 11,263 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Public Employees Retirement System of Ohio cut its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,446 shares of the company's stock after selling 11,263 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Builders FirstSource were worth $11,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. boosted its stake in shares of Builders FirstSource by 4.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 55,279 shares of the company's stock valued at $10,716,000 after purchasing an additional 2,354 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in Builders FirstSource by 86.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,334 shares of the company's stock valued at $646,000 after purchasing an additional 1,543 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Builders FirstSource in the third quarter valued at approximately $62,450,000. XTX Topco Ltd grew its stake in shares of Builders FirstSource by 574.7% during the third quarter. XTX Topco Ltd now owns 10,579 shares of the company's stock worth $2,051,000 after buying an additional 9,011 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new position in shares of Builders FirstSource during the third quarter worth $59,529,000. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Down 0.9 %

BLDR traded down $1.49 during midday trading on Thursday, hitting $170.67. The company had a trading volume of 855,295 shares, compared to its average volume of 1,530,822. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 0.98 and a beta of 2.06. The stock's 50 day moving average price is $182.71 and its 200 day moving average price is $169.02. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $3.07 EPS 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 firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm earned $4.24 earnings per share. The business's quarterly revenue was down 6.7% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada increased their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group assumed coverage on shares of Builders FirstSource in a report on Thursday, October 10th. They set a "buy" rating and a $225.00 target price on the stock. Loop Capital raised their price target on shares of Builders FirstSource from $190.00 to $230.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Oppenheimer reiterated an "outperform" rating and set a $225.00 price target on shares of Builders FirstSource in a report on Tuesday, October 29th. Finally, Bank of America increased their price objective on Builders FirstSource from $165.00 to $198.00 and gave the company a "neutral" rating in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $210.00.

Insider Transactions at Builders FirstSource

In other 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 completion of the sale, the director now directly owns 33,083 shares of the company's stock, valued at $5,902,338.03. The trade was a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.80% of the stock is owned by insiders.

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.