Builders FirstSource, Inc. $BLDR Stock: Retirement Systems of Alabama Increases Holdings

Retirement Systems of Alabama grew its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 7,181.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,645,420 shares of the company’s stock after buying an additional 1,622,824 shares during the quarter. Retirement Systems of Alabama’s holdings in Builders FirstSource were worth $93,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BLDR. Wedbush Securities Inc. increased its position in shares of Builders FirstSource by 5.3% during the second quarter. Wedbush Securities Inc. now owns 2,927 shares of the company’s stock worth $262,000 after acquiring an additional 147 shares in the last quarter. Private Advisor Group LLC lifted its position in Builders FirstSource by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 2,890 shares of the company’s stock valued at $238,000 after acquiring an additional 162 shares in the last quarter. Altshuler Shaham Ltd lifted its position in 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 acquiring an additional 180 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in Builders FirstSource by 5.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company’s stock valued at $290,000 after acquiring an additional 180 shares in the last quarter. Finally, American Trust boosted its stake in Builders FirstSource by 6.7% in the 1st quarter. American Trust now owns 3,138 shares of the company’s stock worth $258,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BLDR shares. Oppenheimer lowered their target price on Builders FirstSource from $90.00 to $78.00 and set an “outperform” rating for the company in a report on Friday, October 16th. BMO Capital Markets restated a “market perform” rating and issued a $80.00 price target on shares of Builders FirstSource in a report on Thursday, August 6th. William Blair cut Builders FirstSource from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 22nd. Melius Research assumed coverage on Builders FirstSource in a research report on Tuesday, October 6th. They set a “sell” rating and a $52.00 price objective for the company. Finally, Truist Financial increased their price objective on Builders FirstSource from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $65.88 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.14 and a current ratio of 1.85. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50. The stock has a market capitalization of $7.09 billion, a P/E ratio of 178.06, a price-to-earnings-growth ratio of 1.93 and a beta of 1.41. The stock has a fifty day moving average of $58.90 and a 200-day moving average of $78.91.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, October 29th. The company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.06 by $0.45. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 3.68 earnings per share for the current fiscal year.

About Builders FirstSource