Builders FirstSource, Inc. $BLDR Stock Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3,904.4% during the third quarter, HoldingsChannel reports. The firm owned 214,435 shares of the company’s stock after purchasing an additional 209,080 shares during the period. Maryland State Retirement & Pension System’s holdings in Builders FirstSource were worth $12,225,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BLDR. Clark Wealth Partners purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $27,000. PFS Partners LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. increased its position in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Sunrise Financial Services LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $32,000. Finally, Barrett & Company Inc. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent research reports. Robert W. Baird set a $75.00 target price on Builders FirstSource in a research report on Friday, July 31st. Benchmark cut their target price on Builders FirstSource from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Truist Financial increased their price target on shares of Builders FirstSource from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Deutsche Bank set a $66.00 price target on shares of Builders FirstSource in a research note on Friday, July 31st. Finally, KeyCorp lowered their price objective on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Seven investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $75.55.

Builders FirstSource Stock Performance

NYSE BLDR opened at $62.23 on Thursday. The company has a 50-day simple moving average of $58.82 and a two-hundred day simple moving average of $78.30. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. Builders FirstSource, Inc. has a 12-month low of $49.67 and a 12-month high of $131.50. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 168.19, a PEG ratio of 1.67 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.75 billion. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. On average, equities analysts forecast that Builders FirstSource, Inc. will post 3.85 EPS for the current year.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.