Builders FirstSource, Inc. $BLDR Stock Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,159 shares of the company’s stock after selling 8,249 shares during the period. California Public Employees Retirement System owned about 0.16% of Builders FirstSource worth $14,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in Builders FirstSource by 167.1% in the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Builders FirstSource in the second quarter valued at $38,000. MUFG Securities EMEA plc purchased a new stake in shares of Builders FirstSource in the second quarter valued at $38,000. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Builders FirstSource by 90.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock worth $38,000 after buying an additional 175 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Up 3.3%

NYSE BLDR opened at $72.89 on Friday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.76 and a quick ratio of 1.09. The firm has a market cap of $7.84 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.68 and a beta of 1.42. The stock’s 50-day moving average is $77.11 and its 200-day moving average is $91.34.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $1.51 EPS. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. Sell-side analysts anticipate that Builders FirstSource, Inc. will post 4.29 earnings per share for the current fiscal year.

Builders FirstSource announced that its board has approved a stock buyback plan on Thursday, April 30th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BLDR shares. DA Davidson set a $100.00 target price on Builders FirstSource in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada dropped their price objective on shares of Builders FirstSource from $110.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Oppenheimer cut their target price on shares of Builders FirstSource from $121.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, BMO Capital Markets decreased their target price on shares of Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Hold” and an average target price of $100.35.

Builders FirstSource Profile

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.