Public Employees Retirement System of Ohio Lowers Stake in Builders FirstSource, Inc. (NYSE:BLDR)

Public Employees Retirement System of Ohio trimmed its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,422 shares of the company's stock after selling 10,024 shares during the period. Public Employees Retirement System of Ohio's holdings in Builders FirstSource were worth $6,778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after acquiring an additional 64 shares in the last quarter. TFB Advisors LLC lifted its position in shares of Builders FirstSource by 2.1% in the fourth quarter. TFB Advisors LLC now owns 3,819 shares of the company's stock valued at $546,000 after acquiring an additional 79 shares in the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after acquiring an additional 83 shares in the last quarter. Aptus Capital Advisors LLC lifted its position in shares of Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock worth $214,000 after buying an additional 85 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock worth $628,000 after buying an additional 98 shares in the last quarter. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 1.2%

Shares of BLDR traded down $1.33 during mid-day trading on Friday, reaching $107.60. 2,395,245 shares of the company's stock traded hands, compared to its average volume of 1,680,742. The stock has a market cap of $11.89 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.80 and a beta of 1.79. The stock's 50-day moving average is $117.07 and its two-hundred day moving average is $141.99. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same quarter in the prior year, the firm posted $2.65 earnings per share. The company's quarterly revenue was down 6.0% on a year-over-year basis. Research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has authorized a share repurchase program on Thursday, May 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLDR. Barclays decreased their target price on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. BMO Capital Markets decreased their target price on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Loop Capital decreased their target price on Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group decreased their target price on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, Raymond James reiterated an "outperform" rating and issued a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.58.

Insider Buying and Selling

In related news, Director Dirkson R. Charles bought 5,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $548,350. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul S. Levy bought 283,517 shares of the stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director now owns 1,672,687 shares of the company's stock, valued at $186,019,521.27. This trade represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 505,000 shares of company stock valued at $56,032,120 over the last quarter. 2.00% of the stock is owned by corporate insiders.

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.