Public Employees Retirement System of Ohio Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Public Employees Retirement System of Ohio lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,092 shares of the company’s stock after selling 10,466 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of Builders FirstSource worth $16,078,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EdgeRock Capital LLC purchased a new position in Builders FirstSource during the 4th quarter valued at $25,000. Westside Investment Management Inc. purchased a new stake in shares of Builders FirstSource in the 1st quarter worth $31,000. ORG Partners LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter worth $33,000. American Capital Advisory LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter worth $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Builders FirstSource in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Activity

In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Up 1.5 %

Shares of NYSE:BLDR opened at $170.62 on Tuesday. The business’s 50-day moving average is $150.73 and its 200 day moving average is $173.86. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70. The firm has a market capitalization of $20.83 billion, a P/E ratio of 14.40, a P/E/G ratio of 2.69 and a beta of 2.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.45.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.96 EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research reports. Truist Financial lowered their target price on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Robert W. Baird lowered their target price on Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and set a $230.00 price objective (down from $242.00) on shares of Builders FirstSource in a research note on Monday. Finally, Wedbush decreased their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.87.

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.