State Board of Administration of Florida Retirement System Lowers Stake in Builders FirstSource, Inc. (NYSE:BLDR)

State Board of Administration of Florida Retirement System lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 135,266 shares of the company’s stock after selling 2,160 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Builders FirstSource were worth $12,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd grew its stake in shares of Builders FirstSource by 5.2% in the first quarter. Altshuler Shaham Ltd now owns 1,759 shares of the company’s stock valued at $156,000 after buying an additional 87 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Builders FirstSource by 5.4% during the 1st quarter. Macquarie Group Ltd. now owns 2,269 shares of the company’s stock valued at $201,000 after acquiring an additional 116 shares during the period. Kingfisher Capital LLC boosted its holdings in Builders FirstSource by 0.3% during the 1st quarter. Kingfisher Capital LLC now owns 45,746 shares of the company’s stock valued at $4,061,000 after acquiring an additional 134 shares during the period. Fifth Third Bancorp grew its position in Builders FirstSource by 20.6% in the 1st quarter. Fifth Third Bancorp now owns 803 shares of the company’s stock valued at $71,000 after acquiring an additional 137 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Builders FirstSource by 2.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,537 shares of the company’s stock worth $489,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, EVP Timothy D. Johnson sold 5,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $151.69, for a total transaction of $758,450.00. Following the transaction, the executive vice president now directly owns 65,748 shares of the company’s stock, valued at approximately $9,973,314.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 5,965 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $147.91, for a total transaction of $882,283.15. Following the completion of the sale, the insider now directly owns 32,892 shares of the company’s stock, valued at approximately $4,865,055.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy D. Johnson sold 5,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $151.69, for a total value of $758,450.00. Following the sale, the executive vice president now directly owns 65,748 shares of the company’s stock, valued at $9,973,314.12. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Builders FirstSource Price Performance

NYSE BLDR opened at $127.24 on Monday. The company has a fifty day moving average of $141.14. The company has a quick ratio of 1.15, a current ratio of 1.84 and a debt-to-equity ratio of 0.85. Builders FirstSource, Inc. has a 1 year low of $52.70 and a 1 year high of $156.85. The firm has a market capitalization of $15.91 billion, a P/E ratio of 9.86 and a beta of 2.02.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $1.20. The firm had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.24 billion. Builders FirstSource had a return on equity of 45.73% and a net margin of 10.04%. The firm’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.26 EPS. On average, research analysts expect that Builders FirstSource, Inc. will post 13.18 earnings per share for the current year.

Analyst Ratings Changes

BLDR has been the subject of several recent research reports. Barclays lifted their price objective on shares of Builders FirstSource from $166.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 3rd. Benchmark boosted their price target on shares of Builders FirstSource from $153.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Royal Bank of Canada boosted their target price on Builders FirstSource from $162.00 to $188.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, Stephens increased their price target on Builders FirstSource from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $149.69.

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, steel roof 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.