OMERS ADMINISTRATION Corp Sells 4,252 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

OMERS ADMINISTRATION Corp reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,237 shares of the company’s stock after selling 4,252 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Builders FirstSource were worth $1,749,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource during the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the fourth quarter worth $34,000. Avion Wealth increased its position in Builders FirstSource by 728.6% in the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares during the last quarter. Mather Group LLC. increased its position in Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after buying an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after buying an additional 134 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 1.4%

Shares of BLDR stock opened at $117.87 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $120.84 and a two-hundred day moving average price of $146.92. Builders FirstSource, Inc. has a 12-month low of $103.81 and a 12-month high of $203.14. The firm has a market cap of $13.03 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.01. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same quarter in the previous year, the company posted $2.65 earnings per share. The company’s revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Builders FirstSource in a research report on Tuesday, April 1st. They issued a “buy” rating and a $151.00 target price for the company. Barclays reduced their price target on Builders FirstSource from $151.00 to $137.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. BMO Capital Markets reduced their price target on Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating for the company in a research report on Monday, May 5th. Loop Capital reduced their price target on Builders FirstSource from $190.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Truist Financial reduced their price target on Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.58.

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.