Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR – Get Rating) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,160 shares of the company's stock after selling 12,927 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Builders FirstSource were worth $5,174,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Gibson Wealth Advisors LLC bought a new position in Builders FirstSource in the 4th quarter valued at about $26,000. Financial Management Professionals Inc. grew its stake in Builders FirstSource by 2,200.0% in the 1st quarter. Financial Management Professionals Inc. now owns 391 shares of the company's stock valued at $25,000 after buying an additional 374 shares in the last quarter. Signaturefd LLC grew its stake in Builders FirstSource by 101.6% in the 1st quarter. Signaturefd LLC now owns 496 shares of the company's stock valued at $32,000 after buying an additional 250 shares in the last quarter. CWM LLC grew its stake in Builders FirstSource by 265.2% in the 1st quarter. CWM LLC now owns 577 shares of the company's stock valued at $37,000 after buying an additional 419 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Builders FirstSource during the 1st quarter valued at $45,000. 95.83% of the stock is currently owned by institutional investors and hedge funds.
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Wall Street Analyst Weigh In
BLDR has been the subject of several research reports. B. Riley upped their target price on shares of Builders FirstSource from $71.00 to $75.00 in a research report on Tuesday, August 2nd. Robert W. Baird upped their price objective on shares of Builders FirstSource from $74.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, August 2nd. Stephens lowered their price objective on shares of Builders FirstSource from $100.00 to $75.00 and set an "overweight" rating for the company in a research note on Thursday, July 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Wednesday, August 17th. They set a "buy" rating and a $93.00 price target on the stock. Finally, Royal Bank of Canada cut shares of Builders FirstSource from an "outperform" rating to a "sector perform" rating and boosted their price target for the company from $70.00 to $79.00 in a research report on Tuesday, August 2nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.77.
Builders FirstSource Trading Up 0.2 %
NYSE:BLDR opened at $55.41 on Monday. The company's 50 day moving average price is $64.03 and its 200-day moving average price is $63.81. Builders FirstSource, Inc. has a 52 week low of $48.91 and a 52 week high of $86.48. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.69. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 3.80 and a beta of 2.20.
Builders FirstSource (NYSE:BLDR – Get Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $6.26 EPS for the quarter, beating analysts' consensus estimates of $2.91 by $3.35. Builders FirstSource had a net margin of 11.79% and a return on equity of 58.32%. The firm had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $5.55 billion. During the same quarter in the prior year, the company posted $2.76 earnings per share. The business's revenue for the quarter was up 24.2% on a year-over-year basis. On average, equities research analysts forecast that Builders FirstSource, Inc. will post 15.86 earnings per share for the current fiscal year.
Builders FirstSource Company Profile
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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 and exterior trims and custom products under the Synboard brand name.
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