Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% during the third quarter, HoldingsChannel reports. The fund owned 54,977 shares of the company’s stock after selling 1,107 shares during the quarter. Retirement Systems of Alabama’s holdings in Builders FirstSource were worth $10,658,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in shares of Builders FirstSource by 54.9% during the 2nd quarter. Blue Trust Inc. now owns 1,815 shares of the company’s stock valued at $251,000 after acquiring an additional 643 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Builders FirstSource by 18.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company’s stock valued at $16,055,000 after purchasing an additional 18,223 shares during the last quarter. Continuum Advisory LLC increased its stake in Builders FirstSource by 112.2% during the second quarter. Continuum Advisory LLC now owns 1,672 shares of the company’s stock valued at $231,000 after purchasing an additional 884 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Builders FirstSource by 42.1% during the second quarter. First Horizon Advisors Inc. now owns 253 shares of the company’s stock worth $35,000 after purchasing an additional 75 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Builders FirstSource by 14.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,221 shares of the company’s stock worth $169,000 after buying an additional 150 shares during the last quarter. 95.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BLDR shares. DA Davidson increased their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price target on Builders FirstSource from $185.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Robert W. Baird boosted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group started coverage on Builders FirstSource in a research report 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 target on shares of Builders FirstSource in a report on Tuesday, October 29th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $210.00.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $178.41, for a total transaction of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares of the company’s stock, valued at $5,902,338.03. This represents a 23.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Builders FirstSource Trading Down 3.5 %

Builders FirstSource stock opened at $160.54 on Tuesday. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The stock has a market capitalization of $18.48 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 0.96 and a beta of 2.06. The firm has a 50 day simple moving average of $181.06 and a 200-day simple moving average of $169.14.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the business posted $4.24 earnings per share. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 11.55 EPS for the current fiscal year.

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.