Louisiana State Employees Retirement System Sells 300 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Louisiana State Employees Retirement System lessened its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,600 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Builders FirstSource were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Partners increased its position in Builders FirstSource by 0.8% in the 1st quarter. Boston Partners now owns 1,377,335 shares of the company’s stock valued at $285,794,000 after acquiring an additional 10,551 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Builders FirstSource by 339.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,180,358 shares of the company’s stock valued at $163,373,000 after buying an additional 911,990 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Builders FirstSource by 22.7% during the second quarter. Bank of New York Mellon Corp now owns 1,062,488 shares of the company’s stock valued at $147,059,000 after purchasing an additional 196,571 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Builders FirstSource by 1.2% during the second quarter. William Blair Investment Management LLC now owns 1,051,461 shares of the company’s stock valued at $145,533,000 after purchasing an additional 12,518 shares in the last quarter. Finally, Anomaly Capital Management LP increased its holdings in Builders FirstSource by 22.5% during the second quarter. Anomaly Capital Management LP now owns 1,020,441 shares of the company’s stock worth $141,239,000 after buying an additional 187,371 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. B. Riley reduced their target price on shares of Builders FirstSource from $197.00 to $187.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and lifted their target price for the company from $165.00 to $220.00 in a research report on Monday, September 16th. Loop Capital boosted their price objective on shares of Builders FirstSource from $190.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, September 20th. The Goldman Sachs Group initiated coverage on shares of Builders FirstSource in a research note on Thursday, October 10th. They issued a “buy” rating and a $225.00 target price on the stock. Finally, Oppenheimer reissued an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $200.35.

Builders FirstSource Stock Performance

NYSE BLDR opened at $172.02 on Friday. The stock has a market cap of $20.03 billion, a PE ratio of 15.14, a P/E/G ratio of 10.20 and a beta of 2.06. The company has a current ratio of 1.83, a quick ratio of 1.14 and a debt-to-equity ratio of 0.88. Builders FirstSource, Inc. has a twelve month low of $119.99 and a twelve month high of $214.70. The stock has a fifty day simple moving average of $184.65 and a 200-day simple moving average of $168.68.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, August 6th. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.48. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.48 billion. Builders FirstSource had a return on equity of 37.05% and a net margin of 8.25%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $3.89 EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.69 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has approved a stock buyback program on Tuesday, August 6th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 5.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Builders FirstSource

In other Builders FirstSource news, Director Craig Arthur Steinke sold 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $153.68, for a total transaction of $4,610,400.00. Following the sale, the director now directly owns 95,333 shares in the company, valued at approximately $14,650,775.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.

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.