Builders FirstSource, Inc. (NYSE:BLDR) Stake Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 61,008 shares of the company’s stock after acquiring an additional 1,199 shares during the period. Teacher Retirement System of Texas’ holdings in Builders FirstSource were worth $8,720,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Builders FirstSource during the fourth quarter valued at approximately $33,000. Brown Brothers Harriman & Co. acquired a new stake in Builders FirstSource during the third quarter valued at approximately $46,000. SBI Securities Co. Ltd. acquired a new stake in Builders FirstSource during the fourth quarter valued at approximately $34,000. Finally, Avion Wealth lifted its stake in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Stock Down 1.8 %

BLDR stock opened at $126.42 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 1 year low of $122.49 and a 1 year high of $212.24. The company has a fifty day simple moving average of $148.43 and a 200 day simple moving average of $165.95. The firm has a market cap of $14.36 billion, a PE ratio of 13.95, a PEG ratio of 0.80 and a beta of 2.19.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLDR. Royal Bank of Canada cut their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Barclays cut their target price on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. BMO Capital Markets reduced their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a research report on Monday, February 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

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.