Builders FirstSource, Inc. $BLDR Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 829.9% during the first quarter, HoldingsChannel.com reports. The fund owned 40,648 shares of the company’s stock after buying an additional 36,277 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Builders FirstSource were worth $3,347,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BLDR. Cromwell Holdings LLC grew its position in shares of Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 132 shares during the last quarter. Root Financial Partners LLC lifted its position in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the second quarter worth approximately $38,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Builders FirstSource during the second quarter worth $38,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource News Summary

Here are the key news stories impacting Builders FirstSource this week:

• Positive Sentiment: An insider reportedly purchased 50,000 BLDR shares for approximately $4.4 million, potentially signaling confidence that the selloff has created value. Builders FirstSource Falls as Investors Weigh Weak Housing Signals and Earnings Risk

Builders FirstSource Trading Down 2.4%

Shares of Builders FirstSource stock opened at $66.12 on Friday. The stock has a 50 day moving average of $77.08 and a 200 day moving average of $90.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.67 and a beta of 1.42. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $151.03.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $2.38 EPS. Builders FirstSource’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Builders FirstSource, Inc. will post 4.16 earnings per share for the current year.

Builders FirstSource declared that its board has approved a share buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLDR. KeyCorp dropped their target price on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Wells Fargo & Company dropped their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Stephens reduced their target price on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $99.97.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.