Kentucky Retirement Systems Reduces Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Kentucky Retirement Systems cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,003 shares of the company’s stock after selling 110 shares during the period. Kentucky Retirement Systems’ holdings in Builders FirstSource were worth $1,144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mountaineer Partners Management LLC purchased a new stake in Builders FirstSource during the third quarter valued at $2,099,877,000. FMR LLC grew its stake in shares of Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Baillie Gifford & Co. purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $267,132,000. Diamond Hill Capital Management Inc. bought a new position in shares of Builders FirstSource in the 3rd quarter worth approximately $255,867,000. Finally, Loomis Sayles & Co. L P boosted its holdings in shares of Builders FirstSource by 256,479.8% in the third quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after buying an additional 661,718 shares during the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $137.14 on Monday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.80 and a beta of 2.12. The firm has a fifty day moving average price of $154.21 and a 200 day moving average price of $170.75. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. As a group, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on BLDR shares. DA Davidson upped their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a research report on Friday. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays decreased their price objective on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average target price of $196.88.

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.