State of New Jersey Common Pension Fund D Sells 1,390 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

State of New Jersey Common Pension Fund D decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,811 shares of the company’s stock after selling 1,390 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Builders FirstSource were worth $11,821,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in BLDR. Contravisory Investment Management Inc. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $28,000. Rakuten Securities Inc. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $29,000. Rock Creek Group LP purchased a new stake in Builders FirstSource during the third quarter valued at about $30,000. BluePath Capital Management LLC purchased a new stake in Builders FirstSource during the third quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. lifted its holdings in Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of BLDR stock traded down $1.58 during trading on Thursday, hitting $185.11. The company had a trading volume of 930,592 shares, compared to its average volume of 1,249,849. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average is $195.22 and its two-hundred day moving average is $164.43. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a 52 week low of $90.10 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping 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 analysts’ expectations of $4.01 billion. As a group, analysts predict that Builders FirstSource, Inc. will post 13.83 EPS for the current fiscal year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 28,738 shares in the company, valued at $5,747,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BLDR shares. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Barclays increased their price target on shares of Builders FirstSource from $235.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Wedbush increased their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Finally, Royal Bank of Canada increased their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and a consensus target price of $190.06.

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.