Ontario Teachers Pension Plan Board Buys 6,720 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Ontario Teachers Pension Plan Board boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 69.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,356 shares of the company’s stock after acquiring an additional 6,720 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Builders FirstSource were worth $2,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Builders FirstSource by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock worth $1,578,876,000 after acquiring an additional 96,638 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Builders FirstSource by 80.8% in the 3rd quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after buying an additional 874,268 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Builders FirstSource by 19.5% in the 3rd quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after buying an additional 256,609 shares in the last quarter. Boston Partners boosted its holdings in shares of Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after buying an additional 578,961 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $212,209,000. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BLDR. Oppenheimer increased their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Royal Bank of Canada increased their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Jefferies Financial Group raised their price target on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Barclays reduced their price target on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday, May 8th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Builders FirstSource in a report on Thursday, March 28th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.27.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

Builders FirstSource Price Performance

BLDR traded up $0.67 on Thursday, hitting $166.64. 598,264 shares of the company’s stock were exchanged, compared to its average volume of 1,437,763. Builders FirstSource, Inc. has a fifty-two week low of $105.24 and a fifty-two week high of $214.70. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $188.25 and a 200-day moving average price of $173.03. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.50 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter in the previous year, the company posted $2.96 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 13.12 earnings per share for the current year.

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.