California State Teachers Retirement System Increases Stake in Builders FirstSource, Inc. (NYSE:BLDR)

California State Teachers Retirement System lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,130 shares of the company’s stock after purchasing an additional 2,259 shares during the quarter. California State Teachers Retirement System’s holdings in Builders FirstSource were worth $43,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource in the fourth quarter valued at $25,000. Rakuten Securities Inc. purchased a new position in Builders FirstSource during the fourth quarter worth $29,000. Westside Investment Management Inc. purchased a new position in Builders FirstSource during the first quarter worth $31,000. Principal Securities Inc. purchased a new position in Builders FirstSource during the fourth quarter worth $32,000. Finally, ORG Partners LLC purchased a new position in Builders FirstSource during the first quarter worth $33,000. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Trading Down 0.2 %

NYSE:BLDR traded down $0.26 during trading hours on Wednesday, hitting $167.37. The company had a trading volume of 1,829,709 shares, compared to its average volume of 1,610,584. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average of $150.72 and a 200 day moving average of $173.86. The company has a market cap of $20.43 billion, a P/E ratio of 14.33, a P/E/G ratio of 2.70 and a beta of 2.04. Builders FirstSource, Inc. has a 1 year low of $105.24 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.23. The company had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.83 billion. Builders FirstSource had a return on equity of 38.66% and a net margin of 8.57%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $2.96 EPS. Sell-side analysts expect that Builders FirstSource, Inc. will post 12.93 earnings per share for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of Builders FirstSource stock in a transaction dated 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 completion of the transaction, the insider now directly owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael Hiller sold 4,875 shares of the business’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 in the company, valued at $4,794,380.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’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 sale, the insider now owns 22,667 shares of the company’s stock, valued at approximately $3,855,883.37. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on BLDR shares. Zelman & Associates reaffirmed a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Wedbush decreased their target price on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Truist Financial decreased their price objective on Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective (down from $242.00) on shares of Builders FirstSource in a report on Monday. Finally, StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $190.87.

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.