Illinois Municipal Retirement Fund Decreases Stock Position in Builders FirstSource, Inc. $BLDR

Illinois Municipal Retirement Fund lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,879 shares of the company’s stock after selling 6,153 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.09% of Builders FirstSource worth $12,474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock valued at $2,057,000 after buying an additional 78 shares during the last quarter. VestGen Advisors LLC boosted its holdings in shares of Builders FirstSource by 4.6% in the 2nd quarter. VestGen Advisors LLC now owns 1,943 shares of the company’s stock valued at $227,000 after acquiring an additional 86 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock worth $354,000 after acquiring an additional 90 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Builders FirstSource by 0.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,858 shares of the company’s stock worth $1,967,000 after purchasing an additional 131 shares during the last quarter. Finally, CX Institutional lifted its position in Builders FirstSource by 15.8% during the third quarter. CX Institutional now owns 958 shares of the company’s stock valued at $116,000 after purchasing an additional 131 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. UBS Group cut their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Robert W. Baird set a $135.00 target price on Builders FirstSource in a report on Friday, October 31st. BMO Capital Markets decreased their price target on Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Finally, Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource presently has a consensus rating of “Hold” and a consensus target price of $134.02.

Builders FirstSource Stock Down 5.0%

Shares of BLDR opened at $120.59 on Friday. The firm has a market cap of $13.33 billion, a P/E ratio of 22.97, a PEG ratio of 15.89 and a beta of 1.56. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $157.96. The stock’s 50 day moving average is $114.09 and its two-hundred day moving average is $120.96. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 1.03.

About Builders FirstSource

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.