State Board of Administration of Florida Retirement System Trims Position in Builders FirstSource, Inc. (NYSE:BLDR)

State Board of Administration of Florida Retirement System cut its stake in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 0.1% during the third quarter, HoldingsChannel reports. The firm owned 147,760 shares of the company’s stock after selling 186 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Builders FirstSource were worth $18,395,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Alliancebernstein L.P. raised its position in Builders FirstSource by 182.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after buying an additional 1,487,620 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Builders FirstSource by 14.8% during the first quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after purchasing an additional 1,455,580 shares during the last quarter. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter valued at $91,288,000. BlackRock Inc. boosted its holdings in Builders FirstSource by 9.6% in the second quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock valued at $2,044,238,000 after purchasing an additional 1,320,774 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Builders FirstSource by 1,106.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 844,518 shares of the company’s stock worth $5,183,000 after purchasing an additional 774,515 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Trading Up 0.0 %

BLDR stock opened at $185.33 on Friday. Builders FirstSource, Inc. has a 12-month low of $76.69 and a 12-month high of $186.58. The business’s 50-day moving average is $165.73 and its 200 day moving average is $142.79. The company has a current ratio of 1.76, a quick ratio of 1.11 and a debt-to-equity ratio of 0.74. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 15.73 and a beta of 2.04.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BLDR shares. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Builders FirstSource in a report on Wednesday, November 29th. B. Riley raised Builders FirstSource from a “neutral” rating to a “buy” rating and boosted their price target for the company from $128.00 to $177.00 in a report on Wednesday, December 6th. Barclays raised their price objective on shares of Builders FirstSource from $175.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Royal Bank of Canada decreased their target price on shares of Builders FirstSource from $188.00 to $152.00 and set an “outperform” rating for the company in a research note on Thursday, November 2nd. Finally, Stephens dropped their price target on shares of Builders FirstSource from $175.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.53.

View Our Latest Stock Report on Builders FirstSource

Insider Transactions at Builders FirstSource

In other news, insider Michael Alan Farmer sold 3,318 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $145.64, for a total value of $483,233.52. Following the transaction, the insider now directly owns 60,660 shares in the company, valued at approximately $8,834,522.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Builders FirstSource Company Profile

(Free Report)

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, steel roof 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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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