Kentucky Retirement Systems Sells 169 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Kentucky Retirement Systems lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,198 shares of the company’s stock after selling 169 shares during the period. Kentucky Retirement Systems’ holdings in Builders FirstSource were worth $1,273,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BLDR. Principal Securities Inc. purchased a new stake in shares of Builders FirstSource in the 4th quarter worth approximately $32,000. UBS Group AG grew its stake in shares of Builders FirstSource by 49.2% in the 4th quarter. UBS Group AG now owns 110,586 shares of the company’s stock worth $18,461,000 after buying an additional 36,475 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Builders FirstSource in the 4th quarter worth approximately $313,000. Franklin Resources Inc. grew its stake in shares of Builders FirstSource by 5.2% in the 4th quarter. Franklin Resources Inc. now owns 224,403 shares of the company’s stock worth $37,462,000 after buying an additional 11,060 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Builders FirstSource by 20.0% in the 4th quarter. US Bancorp DE now owns 9,611 shares of the company’s stock worth $1,604,000 after buying an additional 1,603 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Craig Arthur Steinke sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total value of $4,610,400.00. Following the transaction, the director now directly owns 95,333 shares of the company’s stock, valued at approximately $14,650,775.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BLDR shares. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Oppenheimer upped their price target on Builders FirstSource from $205.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America increased their target price on Builders FirstSource from $165.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada cut their target price on Builders FirstSource from $193.00 to $178.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus cut their target price on Builders FirstSource from $217.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.00.

Builders FirstSource Price Performance

NYSE BLDR opened at $197.74 on Friday. The business’s fifty day moving average price is $167.76 and its 200-day moving average price is $170.87. The stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 10.06 and a beta of 2.06. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.83 and a quick ratio of 1.14. Builders FirstSource, Inc. has a 1-year low of $105.24 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.48. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same period in the prior year, the firm earned $3.89 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.65 earnings per share for the current year.

Builders FirstSource declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 6th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Builders FirstSource Company 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.