Illinois Municipal Retirement Fund cut its position in shares of Builders FirstSource, Inc. (NYSE:BLDR – Free Report) by 14.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 99,377 shares of the company’s stock after selling 16,722 shares during the period. Illinois Municipal Retirement Fund’s holdings in Builders FirstSource were worth $8,182,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. State Street Corp lifted its position in Builders FirstSource by 2.3% in the 4th quarter. State Street Corp now owns 5,108,120 shares of the company’s stock worth $525,574,000 after buying an additional 115,857 shares during the last quarter. Wellington Management Group LLP grew its position in Builders FirstSource by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 3,316,797 shares of the company’s stock valued at $341,265,000 after acquiring an additional 73,835 shares during the last quarter. Geode Capital Management LLC grew its position in Builders FirstSource by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,817,958 shares of the company’s stock valued at $288,789,000 after acquiring an additional 14,420 shares during the last quarter. Sands Capital Management LLC raised its stake in shares of Builders FirstSource by 13.5% during the fourth quarter. Sands Capital Management LLC now owns 2,757,969 shares of the company’s stock worth $283,767,000 after acquiring an additional 327,067 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Builders FirstSource by 37.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,641,809 shares of the company’s stock worth $271,816,000 after acquiring an additional 725,905 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BLDR has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on shares of Builders FirstSource from $87.00 to $85.00 and set an “equal weight” rating for the company in a research note on Friday, May 1st. UBS Group decreased their target price on shares of Builders FirstSource from $143.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Loop Capital lowered their price target on shares of Builders FirstSource from $140.00 to $110.00 in a research note on Friday, May 1st. Jefferies Financial Group cut their price target on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Finally, Barclays reduced their price objective on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $101.45.
Builders FirstSource Stock Performance
Shares of BLDR stock opened at $74.23 on Friday. The company has a market capitalization of $7.98 billion, a P/E ratio of 28.44, a PEG ratio of 1.87 and a beta of 1.42. Builders FirstSource, Inc. has a fifty-two week low of $65.10 and a fifty-two 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. The stock has a 50 day moving average price of $77.24 and a two-hundred day moving average price of $92.46.
Builders FirstSource (NYSE:BLDR – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business posted $1.51 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts expect that Builders FirstSource, Inc. will post 4.29 earnings per share for the current year.
Builders FirstSource declared that its board has initiated a share repurchase 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 typically a sign that the company’s management believes its shares are undervalued.
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.
Read More
- Five stocks we like better than Builders FirstSource
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.
