Alberta Investment Management Corp lifted its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 2.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,600 shares of the company’s stock after purchasing an additional 4,600 shares during the period. Alberta Investment Management Corp owned about 0.16% of Builders FirstSource worth $2,221,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank grew its stake in shares of Builders FirstSource by 1.6% in the 1st quarter. Swiss National Bank now owns 224,600 shares of the company’s stock worth $2,747,000 after purchasing an additional 3,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Builders FirstSource by 38.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,892 shares of the company’s stock worth $133,000 after purchasing an additional 3,004 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Builders FirstSource by 80.5% in the 1st quarter. Russell Investments Group Ltd. now owns 547,055 shares of the company’s stock worth $6,788,000 after purchasing an additional 243,914 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Builders FirstSource by 0.5% in the 1st quarter. Rhumbline Advisers now owns 159,498 shares of the company’s stock worth $1,951,000 after purchasing an additional 748 shares during the last quarter. Finally, Crown Advisors Management Inc. acquired a new position in shares of Builders FirstSource in the 1st quarter worth approximately $1,835,000. 94.21% of the stock is currently owned by institutional investors.
BLDR stock opened at $19.18 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.12 and a current ratio of 1.87. The stock has a market cap of $2.15 billion, a P/E ratio of 8.82 and a beta of 2.46. The firm has a 50 day simple moving average of $15.35 and a 200 day simple moving average of $21.64. Builders FirstSource, Inc. has a 52 week low of $9.00 and a 52 week high of $28.43.
In other Builders FirstSource news, Director Floyd F. Sherman sold 14,097 shares of Builders FirstSource stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.75, for a total value of $250,221.75. Following the completion of the sale, the director now directly owns 147,771 shares in the company, valued at $2,622,935.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Floyd F. Sherman sold 45,903 shares of Builders FirstSource stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $16.05, for a total transaction of $736,743.15. Following the completion of the sale, the director now owns 147,771 shares of the company’s stock, valued at $2,371,724.55. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
BLDR has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and issued a $20.00 target price (down from $33.00) on shares of Builders FirstSource in a research report on Thursday, April 9th. Stifel Nicolaus lifted their target price on shares of Builders FirstSource from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. ValuEngine raised shares of Builders FirstSource from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 29th. TheStreet downgraded shares of Builders FirstSource from a “b” rating to a “c+” rating in a research report on Tuesday, March 17th. Finally, Benchmark dropped their target price on shares of Builders FirstSource from $32.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.
About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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 under the Synboard brand name.
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