Kentucky Retirement Systems Insurance Trust Fund Sells 325 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,071 shares of the company’s stock after selling 325 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Builders FirstSource were worth $849,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BLDR. EdgeRock Capital LLC purchased a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $25,000. Westside Investment Management Inc. purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $31,000. ORG Partners LLC purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $33,000. American Capital Advisory LLC purchased a new position in shares of Builders FirstSource during the first quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. bought a new stake in Builders FirstSource during the fourth quarter valued at approximately $29,000. Institutional investors own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly 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 at the SEC website. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at approximately $4,794,380.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul M. Mccrobie sold 9,118 shares of the 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 transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLDR shares. Barclays cut their target price on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Oppenheimer reiterated an “outperform” rating and issued a $230.00 price target (down from $242.00) on shares of Builders FirstSource in a research report on Monday. Wedbush dropped their price target on shares of Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Finally, Robert W. Baird dropped their target price on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $190.87.

Builders FirstSource Price Performance

Builders FirstSource stock traded up $1.72 during mid-day trading on Monday, reaching $169.21. 341,281 shares of the company’s stock traded hands, compared to its average volume of 1,604,945. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.69 and a beta of 2.04. The stock has a 50 day moving average of $150.75 and a two-hundred day moving average of $173.85. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

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