Builders FirstSource, Inc. (NYSE:BLDR) Stake Lessened by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 17.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,434 shares of the company’s stock after selling 7,145 shares during the quarter. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $7,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BLDR. EdgeRock Capital LLC acquired a new position in Builders FirstSource in the fourth quarter worth $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at $28,000. Rakuten Securities Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at $29,000. Raleigh Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at $32,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the sale, the insider now owns 22,667 shares in the company, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the sale, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BLDR shares. Bank of America reduced their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Zelman & Associates reissued a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Jefferies Financial Group upped their price objective on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. DA Davidson reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a report on Thursday, March 28th. Finally, StockNews.com raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.47.

Builders FirstSource Price Performance

Builders FirstSource stock traded down $0.35 during midday trading on Wednesday, hitting $134.39. The company’s stock had a trading volume of 679,205 shares, compared to its average volume of 1,574,711. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The stock’s 50-day moving average price is $160.69 and its 200-day moving average price is $175.68. Builders FirstSource, Inc. has a 12 month low of $105.24 and a 12 month high of $214.70. The company has a market capitalization of $16.40 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 2.23 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.96 EPS. Analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

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.