South Dakota Investment Council Has $2.76 Million Stock Position in Builders FirstSource, Inc. $BLDR

South Dakota Investment Council boosted its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 47.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,501 shares of the company’s stock after acquiring an additional 10,725 shares during the period. South Dakota Investment Council’s holdings in Builders FirstSource were worth $2,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd boosted its stake in shares of Builders FirstSource by 2.4% in the 1st quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company’s stock valued at $626,000 after purchasing an additional 180 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the last quarter. Amundi raised its stake in Builders FirstSource by 27.6% during the first quarter. Amundi now owns 560,567 shares of the company’s stock worth $46,151,000 after buying an additional 121,086 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Builders FirstSource by 65.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,482 shares of the company’s stock valued at $204,000 after buying an additional 985 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Builders FirstSource by 3.4% in the first quarter. The Manufacturers Life Insurance Company now owns 80,074 shares of the company’s stock valued at $6,592,000 after buying an additional 2,648 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Key Headlines Impacting Builders FirstSource

Here are the key news stories impacting Builders FirstSource this week:

• Positive Sentiment: An insider reportedly purchased 50,000 BLDR shares for approximately $4.4 million, potentially signaling confidence that the selloff has created value. Builders FirstSource Falls as Investors Weigh Weak Housing Signals and Earnings Risk

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stephens cut their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Truist Financial dropped their price objective on Builders FirstSource from $145.00 to $115.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Raymond James Financial cut their target price on Builders FirstSource from $140.00 to $100.00 in a research report on Friday, May 1st. Finally, Wells Fargo & Company decreased their target price on Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of “Hold” and an average target price of $99.97.

Builders FirstSource Trading Down 2.4%

NYSE:BLDR opened at $66.12 on Friday. Builders FirstSource, Inc. has a 12 month low of $65.10 and a 12 month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.67 and a beta of 1.42. The firm has a fifty day simple moving average of $77.08 and a two-hundred day simple moving average of $90.01.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.08). The company had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.91 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. Builders FirstSource’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 EPS. Analysts expect that Builders FirstSource, Inc. will post 4.16 EPS for the current fiscal year.

Builders FirstSource declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.