Metis Global Partners LLC Sells 212 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Metis Global Partners LLC lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the company’s stock after selling 212 shares during the period. Metis Global Partners LLC’s holdings in Builders FirstSource were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Baillie Gifford & Co. bought a new position in shares of Builders FirstSource in the 3rd quarter valued at about $267,132,000. Boston Partners raised its position in Builders FirstSource by 0.8% during the first quarter. Boston Partners now owns 1,377,335 shares of the company’s stock worth $285,794,000 after acquiring an additional 10,551 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $255,867,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Builders FirstSource by 339.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock worth $163,373,000 after acquiring an additional 911,990 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Builders FirstSource by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock worth $147,059,000 after acquiring an additional 196,571 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BLDR shares. The Goldman Sachs Group assumed coverage on Builders FirstSource in a report on Thursday, October 10th. They set a “buy” rating and a $225.00 price target for the company. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, November 6th. Benchmark lowered their price target on shares of Builders FirstSource from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Bank of America upped their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and lifted their price target for the stock from $165.00 to $220.00 in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $206.47.

Insider Transactions at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of Builders FirstSource stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the sale, the director now directly owns 33,083 shares of the company’s stock, valued at approximately $5,902,338.03. The trade was a 23.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by insiders.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $176.28 on Friday. The firm has a 50 day moving average of $185.83 and a 200-day moving average of $168.18. Builders FirstSource, Inc. has a 12 month low of $129.80 and a 12 month high of $214.70. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $20.29 billion, a PE ratio of 17.21, a PEG ratio of 1.00 and a beta of 2.08.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business earned $4.24 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.56 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a share repurchase plan on Tuesday, August 6th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

About Builders FirstSource

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.