State of Alaska Department of Revenue Cuts Stake in Builders FirstSource, Inc. (NYSE:BLDR)

State of Alaska Department of Revenue cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.1% during the 4th quarter, HoldingsChannel reports. The fund owned 13,124 shares of the company’s stock after selling 10,360 shares during the quarter. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $1,875,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC lifted its stake in shares of Builders FirstSource by 28.4% in the 4th quarter. Choreo LLC now owns 4,332 shares of the company’s stock valued at $621,000 after acquiring an additional 959 shares during the last quarter. Tectonic Advisors LLC lifted its position in Builders FirstSource by 24.7% in the fourth quarter. Tectonic Advisors LLC now owns 8,106 shares of the company’s stock valued at $1,159,000 after purchasing an additional 1,605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Builders FirstSource by 30.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,852 shares of the company’s stock valued at $1,573,000 after purchasing an additional 2,539 shares during the period. Mather Group LLC. grew its holdings in shares of Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock worth $71,000 after purchasing an additional 237 shares during the last quarter. Finally, abrdn plc increased its stake in shares of Builders FirstSource by 20.4% in the fourth quarter. abrdn plc now owns 46,012 shares of the company’s stock worth $6,578,000 after buying an additional 7,809 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BLDR shares. Stifel Nicolaus reissued a “buy” rating and set a $175.00 price target on shares of Builders FirstSource in a research report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Barclays reduced their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group started coverage on Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price objective on the stock. Finally, DA Davidson upped their target price on Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four equities research 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 data from MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $156.26 on Wednesday. The company has a 50 day simple moving average of $158.22 and a two-hundred day simple moving average of $171.37. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.89 and a beta of 2.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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.