California Public Employees Retirement System Cuts Stake in Builders FirstSource, Inc. (NYSE:BLDR)

California Public Employees Retirement System lowered its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,034 shares of the company’s stock after selling 16,807 shares during the period. California Public Employees Retirement System owned about 0.20% of Builders FirstSource worth $41,073,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Builders FirstSource by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,682,752 shares of the company’s stock valued at $1,578,876,000 after purchasing an additional 96,638 shares during the last quarter. Invesco Ltd. grew its stake in Builders FirstSource by 80.8% in the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after purchasing an additional 874,268 shares during the last quarter. AQR Capital Management LLC grew its stake in Builders FirstSource by 19.5% in the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock valued at $195,931,000 after purchasing an additional 256,609 shares during the last quarter. Northern Trust Corp grew its stake in Builders FirstSource by 8.6% in the third quarter. Northern Trust Corp now owns 1,254,464 shares of the company’s stock valued at $156,168,000 after purchasing an additional 99,792 shares during the last quarter. Finally, Dendur Capital LP grew its stake in Builders FirstSource by 3.0% in the third quarter. Dendur Capital LP now owns 1,034,903 shares of the company’s stock valued at $128,835,000 after purchasing an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Trading Up 1.3 %

Shares of NYSE:BLDR opened at $187.64 on Friday. Builders FirstSource, Inc. has a 12-month low of $90.35 and a 12-month high of $214.70. The company has a market capitalization of $22.88 billion, a PE ratio of 15.65, a PEG ratio of 1.16 and a beta of 2.04. The business has a 50 day moving average of $195.18 and a two-hundred day moving average of $164.58. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 0.67.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.01 billion. As a group, analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several analyst reports. Barclays lifted their target price on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Wedbush boosted their price target on Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research note on Thursday, March 28th. Jefferies Financial Group boosted their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Oppenheimer boosted their price target on Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

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.