State of Alaska Department of Revenue Lowers Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

State of Alaska Department of Revenue lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,579 shares of the company’s stock after selling 2,210 shares during the period. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $6,941,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BLDR. Alliancebernstein L.P. lifted its position in Builders FirstSource by 182.0% during the second quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock valued at $313,486,000 after acquiring an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP lifted its position in Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock valued at $727,819,000 after acquiring an additional 1,455,580 shares during the last quarter. Norges Bank purchased a new stake in Builders FirstSource during the fourth quarter valued at approximately $91,288,000. Invesco Ltd. lifted its position in Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock valued at $243,516,000 after acquiring an additional 874,268 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Builders FirstSource by 1,106.4% during the first quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock valued at $5,183,000 after acquiring an additional 774,515 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Insider Buying and Selling

In related news, Director Cory Jacobs Boydston sold 7,759 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the transaction, the director now owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BLDR. StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. DA Davidson reiterated a “neutral” rating and set a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday. B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $128.00 to $177.00 in a research report on Wednesday, December 6th. Truist Financial boosted their price target on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada boosted their price target on Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.60.

Read Our Latest Stock Analysis on BLDR

Builders FirstSource Stock Down 0.5 %

Shares of BLDR opened at $208.55 on Monday. Builders FirstSource, Inc. has a 52 week low of $84.78 and a 52 week high of $214.70. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.26 and a beta of 2.04. The stock’s 50-day moving average price is $190.53 and its 200-day moving average price is $156.25.

Builders FirstSource (NYSE:BLDRGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a return on equity of 41.10% and a net margin of 9.01%. On average, sell-side analysts predict that Builders FirstSource, Inc. will post 14.02 EPS for the current year.

Builders FirstSource Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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