Metis Global Partners LLC Has $1.06 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Metis Global Partners LLC reduced its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,478 shares of the company’s stock after selling 212 shares during the quarter. Metis Global Partners LLC’s holdings in Builders FirstSource were worth $1,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Builders FirstSource during the 2nd quarter worth approximately $27,000. Armstrong Advisory Group Inc. bought a new position in shares of Builders FirstSource during the third quarter valued at $30,000. First Horizon Advisors Inc. lifted its holdings in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. New Millennium Group LLC bought a new stake in shares of Builders FirstSource in the second quarter worth $38,000. Finally, Reston Wealth Management LLC acquired a new stake in Builders FirstSource in the third quarter valued at $39,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE BLDR opened at $176.28 on Friday. 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 company has a fifty day simple moving average of $185.83 and a 200 day simple 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 market cap of $20.29 billion, a P/E ratio of 17.21, a PEG ratio of 1.00 and a beta of 2.08.

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

Builders FirstSource announced that its board has approved a stock buyback plan on Tuesday, August 6th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

BLDR has been the topic of several recent research reports. Barclays lifted their target price on Builders FirstSource from $182.00 to $211.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. DA Davidson upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. UBS Group began coverage on shares of Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 price target for the company. StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $206.47.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

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.