Louisiana State Employees Retirement System Makes New Investment in Builders FirstSource, Inc. (NYSE:BLDR)

Louisiana State Employees Retirement System bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,900 shares of the company’s stock, valued at approximately $1,319,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Simplicity Solutions LLC lifted its stake in Builders FirstSource by 9.2% during the fourth quarter. Simplicity Solutions LLC now owns 4,110 shares of the company’s stock valued at $686,000 after purchasing an additional 347 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Builders FirstSource by 2,280.1% in the 4th quarter. Cerity Partners LLC now owns 157,607 shares of the company’s stock valued at $26,311,000 after acquiring an additional 150,985 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Builders FirstSource in the 4th quarter valued at approximately $218,000. Allspring Global Investments Holdings LLC lifted its position in shares of Builders FirstSource by 53.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,505 shares of the company’s stock valued at $15,777,000 after acquiring an additional 32,819 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Builders FirstSource in the 4th quarter valued at approximately $221,000,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

NYSE BLDR opened at $177.03 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $195.30 and a 200 day simple moving average of $163.39. The company has a market cap of $21.59 billion, a P/E ratio of 14.76, a P/E/G ratio of 1.08 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $90.10 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 13.84 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Wedbush upped their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Bank of America upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and upped their price objective for the company from $153.00 to $200.00 in a research note on Monday, January 29th. Oppenheimer increased their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, StockNews.com upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.06.

Builders FirstSource Profile

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.