California Public Employees Retirement System trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 4.4% in the first quarter, Holdings Channel reports. The firm owned 177,159 shares of the company’s stock after selling 8,249 shares during the quarter. California Public Employees Retirement System’s holdings in Builders FirstSource were worth $14,586,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Cromwell Holdings LLC increased its stake in shares of Builders FirstSource by 1,323.5% during the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock worth $25,000 after purchasing an additional 225 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 132 shares during the last quarter. Root Financial Partners LLC grew its stake in Builders FirstSource by 43.6% in the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after buying an additional 113 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Builders FirstSource by 90.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 369 shares of the company’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 95.53% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on BLDR shares. Stifel Nicolaus reduced their price objective on Builders FirstSource from $76.00 to $70.00 and set a “hold” rating for the company in a report on Thursday. BMO Capital Markets dropped their price target on Builders FirstSource from $100.00 to $93.00 and set a “market perform” rating for the company in a report on Monday, May 4th. Loop Capital decreased their price objective on Builders FirstSource from $140.00 to $110.00 in a report on Friday, May 1st. KeyCorp lowered their price objective on Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Finally, Benchmark dropped their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Builders FirstSource has an average rating of “Hold” and a consensus price target of $100.35.
Builders FirstSource Price Performance
BLDR stock opened at $72.89 on Friday. The company has a fifty day moving average price of $77.11 and a 200-day moving average price of $91.34. The company has a market capitalization of $7.84 billion, a P/E ratio of 27.93, a PEG ratio of 1.68 and a beta of 1.42. Builders FirstSource, Inc. has a 52-week low of $65.10 and a 52-week high of $151.03. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. As a group, equities analysts expect that Builders FirstSource, Inc. will post 4.29 EPS for the current year.
Builders FirstSource announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Builders FirstSource Company 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.
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