Retirement Systems of Alabama Sells 212,613 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Retirement Systems of Alabama lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 73.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 76,012 shares of the company’s stock after selling 212,613 shares during the period. Retirement Systems of Alabama’s holdings in Builders FirstSource were worth $12,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BLDR. Contravisory Investment Management Inc. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $29,000. Rock Creek Group LP bought a new stake in shares of Builders FirstSource during the third quarter valued at approximately $30,000. BluePath Capital Management LLC bought a new position in Builders FirstSource in the third quarter worth approximately $31,000. Finally, Raleigh Capital Management Inc. raised its stake in Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE:BLDR opened at $184.35 on Thursday. Builders FirstSource, Inc. has a one year low of $92.13 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.16 and a beta of 2.04. The firm’s fifty day moving average is $195.34 and its two-hundred day moving average is $166.72.

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

Insider Transactions at Builders FirstSource

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

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Jefferies Financial Group boosted their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price objective on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28th. Finally, Truist Financial upped their price target on Builders FirstSource from $185.00 to $190.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.06.

About Builders FirstSource

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.