New York State Teachers Retirement System Sells 11,213 Shares of Builders FirstSource, Inc. $BLDR

New York State Teachers Retirement System reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 10.9% during the third quarter, Holdings Channel reports. The institutional investor owned 91,641 shares of the company’s stock after selling 11,213 shares during the period. New York State Teachers Retirement System’s holdings in Builders FirstSource were worth $11,111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BLDR. State Street Corp raised its stake in Builders FirstSource by 0.6% during the 2nd quarter. State Street Corp now owns 5,026,553 shares of the company’s stock worth $586,548,000 after acquiring an additional 29,443 shares during the period. Brave Warrior Advisors LLC boosted its position in shares of Builders FirstSource by 47.2% in the second quarter. Brave Warrior Advisors LLC now owns 1,827,261 shares of the company’s stock worth $213,223,000 after purchasing an additional 585,683 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Builders FirstSource by 5.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,556,151 shares of the company’s stock worth $181,587,000 after purchasing an additional 74,681 shares during the period. Norges Bank purchased a new stake in shares of Builders FirstSource in the second quarter worth $147,994,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Builders FirstSource by 1.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 924,296 shares of the company’s stock valued at $107,856,000 after purchasing an additional 14,430 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BLDR has been the topic of a number of recent analyst reports. Benchmark raised their price target on Builders FirstSource from $138.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 31st. DA Davidson lowered their price target on Builders FirstSource from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Stifel Nicolaus reduced their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, December 16th. Vertical Research initiated coverage on shares of Builders FirstSource in a report on Monday, October 20th. They issued a “sell” rating and a $109.41 price target on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Builders FirstSource currently has an average rating of “Hold” and an average target price of $133.02.

Builders FirstSource Price Performance

BLDR stock opened at $126.43 on Thursday. Builders FirstSource, Inc. has a 52 week low of $94.35 and a 52 week high of $175.12. The firm has a market capitalization of $13.98 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 15.17 and a beta of 1.57. The company has a fifty day simple moving average of $107.46 and a two-hundred day simple moving average of $121.85. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 1.03.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a net margin of 3.79% and a return on equity of 21.28%. The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the prior year, the company earned $3.07 EPS. The business’s revenue was down 6.9% compared to the same quarter last year. Analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource 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.