Builders FirstSource, Inc. $BLDR Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 10,918.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 881,439 shares of the company’s stock after buying an additional 873,439 shares during the quarter. Public Sector Pension Investment Board owned 0.80% of Builders FirstSource worth $106,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caprock Group LLC purchased a new stake in shares of Builders FirstSource during the 3rd quarter worth approximately $1,238,000. Westbourne Investments Inc. boosted its position in Builders FirstSource by 59.9% during the third quarter. Westbourne Investments Inc. now owns 11,500 shares of the company’s stock worth $1,336,000 after purchasing an additional 4,306 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in Builders FirstSource by 3.6% in the third quarter. Essex Investment Management Co. LLC now owns 13,828 shares of the company’s stock valued at $1,677,000 after purchasing an additional 478 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Builders FirstSource by 17.0% in the third quarter. Wealthfront Advisers LLC now owns 2,540 shares of the company’s stock valued at $308,000 after buying an additional 369 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Builders FirstSource by 9.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 16,839 shares of the company’s stock worth $2,042,000 after buying an additional 1,417 shares during the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BLDR has been the topic of a number of research reports. BMO Capital Markets lowered their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada restated a “sector perform” rating and set a $111.00 price objective on shares of Builders FirstSource in a research report on Friday, January 9th. Jefferies Financial Group upped their target price on Builders FirstSource from $110.00 to $112.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, Stifel Nicolaus lowered their target price on Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, December 16th. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $134.02.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $120.59 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The firm has a market cap of $13.33 billion, a PE ratio of 22.97, a P/E/G ratio of 15.89 and a beta of 1.56. The firm has a 50 day simple moving average of $114.09 and a 200-day simple moving average of $120.96. Builders FirstSource, Inc. has a 1-year low of $94.35 and a 1-year high of $157.96.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.