Maryland State Retirement & Pension System Sells 762 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Maryland State Retirement & Pension System lessened its position in Builders FirstSource, Inc. (NYSE:BLDR) by 12.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,355 shares of the company’s stock after selling 762 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Builders FirstSource were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. boosted its position in Builders FirstSource by 16.8% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,270,362 shares of the company’s stock valued at $283,659,000 after buying an additional 326,923 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company’s stock worth $319,898,000 after purchasing an additional 77,666 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Builders FirstSource by 174.2% during the fourth quarter. Voya Investment Management LLC now owns 1,416,280 shares of the company’s stock worth $202,374,000 after purchasing an additional 899,841 shares during the period. Northern Trust Corp boosted its holdings in shares of Builders FirstSource by 10.2% during the fourth quarter. Northern Trust Corp now owns 1,139,775 shares of the company’s stock worth $162,908,000 after purchasing an additional 105,158 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Builders FirstSource by 12.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,097,741 shares of the company’s stock worth $137,152,000 after purchasing an additional 121,616 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BLDR. Royal Bank Of Canada lowered shares of Builders FirstSource from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $132.00 to $129.00 in a report on Friday, August 1st. Raymond James Financial reiterated an “outperform” rating and set a $140.00 target price (down from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Baird R W lowered shares of Builders FirstSource from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Wedbush dropped their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an “outperform” rating for the company in a report on Friday, June 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $134.00 target price on shares of Builders FirstSource in a report on Friday, August 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $154.44.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $144.41 on Thursday. Builders FirstSource, Inc. has a fifty-two week low of $102.60 and a fifty-two week high of $203.14. The company has a 50 day simple moving average of $124.40 and a two-hundred day simple moving average of $127.37. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 14.56 and a beta of 1.68. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 31st. The company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 earnings per share. Analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Builders FirstSource

In other news, Director Dirkson R. Charles purchased 5,000 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by company 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.