Maryland State Retirement & Pension System Sells 757 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Maryland State Retirement & Pension System trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,117 shares of the company’s stock after selling 757 shares during the period. Maryland State Retirement & Pension System’s holdings in Builders FirstSource were worth $874,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new position in Builders FirstSource during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Builders FirstSource during the fourth quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $46,000. SBI Securities Co. Ltd. acquired a new stake in shares of Builders FirstSource in the 4th quarter valued at about $34,000. Finally, Avion Wealth increased its position in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BLDR shares. BMO Capital Markets reduced their price objective on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research note on Monday, February 24th. Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Truist Financial decreased their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Royal Bank of Canada dropped their price target on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Trading Down 1.8 %

Shares of BLDR stock opened at $126.42 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The firm has a market cap of $14.36 billion, a P/E ratio of 13.95, a PEG ratio of 0.80 and a beta of 2.19. The company has a 50 day moving average of $148.43 and a 200-day moving average of $165.93. Builders FirstSource, Inc. has a 12-month low of $122.49 and a 12-month high of $212.24.

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