Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,977 shares of the company’s stock after selling 1,107 shares during the period. Retirement Systems of Alabama’s holdings in Builders FirstSource were worth $10,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BLDR. Brooklyn Investment Group acquired a new stake in shares of Builders FirstSource during the third quarter valued at $28,000. Armstrong Advisory Group Inc. purchased a new position in Builders FirstSource in the 3rd quarter valued at about $30,000. Innealta Capital LLC acquired a new stake in shares of Builders FirstSource during the 2nd quarter worth about $27,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource during the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource during the third quarter worth about $46,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, November 6th. Truist Financial raised Builders FirstSource from a “hold” rating to a “buy” rating and raised their price target for the stock from $165.00 to $220.00 in a research note on Monday, September 16th. Finally, Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $185.00 to $223.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.

Insider Activity

In other news, Director Cleveland A. Christophe sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. This trade represents a 23.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Builders FirstSource Stock Down 3.5 %

Shares of NYSE BLDR opened at $160.54 on Tuesday. The stock has a fifty day moving average price of $181.06 and a 200 day moving average price of $169.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a market cap of $18.48 billion, a P/E ratio of 15.68, a P/E/G ratio of 0.96 and a beta of 2.06.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. Builders FirstSource’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.24 EPS. Research analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

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.