Investment Management Corp of Ontario Sells 5,685 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Investment Management Corp of Ontario reduced its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,158 shares of the company's stock after selling 5,685 shares during the quarter. Investment Management Corp of Ontario's holdings in Builders FirstSource were worth $1,166,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BLDR. Principal Financial Group Inc. increased its holdings in Builders FirstSource by 38.5% during the 3rd quarter. Principal Financial Group Inc. now owns 201,306 shares of the company's stock valued at $39,025,000 after purchasing an additional 56,009 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Builders FirstSource by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,835 shares of the company's stock worth $548,000 after purchasing an additional 92 shares during the last quarter. Czech National Bank increased its stake in shares of Builders FirstSource by 5.2% in the fourth quarter. Czech National Bank now owns 24,953 shares of the company's stock valued at $3,567,000 after buying an additional 1,231 shares in the last quarter. Paragon Advisors LLC grew its holdings in Builders FirstSource by 9.6% during the 4th quarter. Paragon Advisors LLC now owns 15,021 shares of the company's stock worth $2,147,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in Builders FirstSource by 6.2% during the 4th quarter. Capital Investment Advisors LLC now owns 10,492 shares of the company's stock worth $1,500,000 after acquiring an additional 609 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on BLDR shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Truist Financial decreased their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Benchmark lowered their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, February 21st. UBS Group cut their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, BMO Capital Markets dropped their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a research note on Monday, May 5th. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Builders FirstSource currently has an average rating of "Moderate Buy" and a consensus price target of $167.58.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded up $2.61 during trading on Friday, reaching $120.57. 1,601,485 shares of the stock traded hands, compared to its average volume of 1,681,371. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $13.33 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. Builders FirstSource, Inc. has a 52-week low of $103.81 and a 52-week high of $203.14. The company has a 50-day moving average of $120.84 and a 200-day moving average of $146.92.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.67 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a share repurchase plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Builders FirstSource Company 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.