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

OMERS ADMINISTRATION Corp reduced its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,237 shares of the company's stock after selling 4,252 shares during the period. OMERS ADMINISTRATION Corp's holdings in Builders FirstSource were worth $1,749,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Builders FirstSource during the fourth quarter valued at approximately $199,890,000. Voya Investment Management LLC grew its holdings in shares of Builders FirstSource by 174.2% during the 4th quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company's stock valued at $202,374,000 after acquiring an additional 899,841 shares in the last quarter. FMR LLC increased its stake in shares of Builders FirstSource by 7.3% in the fourth quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Builders FirstSource by 15,533.9% during the fourth quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company's stock worth $92,891,000 after acquiring an additional 645,746 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock valued at $277,776,000 after purchasing an additional 623,583 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $3.19 on Monday, hitting $117.45. 1,761,303 shares of the company were exchanged, compared to its average volume of 1,677,842. The company's 50 day moving average price is $120.65 and its two-hundred day moving average price is $146.21. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a one year low of $103.81 and a one year high of $203.14.

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

Builders FirstSource announced that its board has authorized 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 typically an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BLDR. Barclays reduced their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Royal Bank of Canada restated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research note on Thursday. The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a research report on Friday, May 2nd. Finally, 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. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.