Builders FirstSource, Inc. $BLDR Holdings Increased by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Builders FirstSource stake by 7,181.9% in the third quarter, to 1.65 million shares valued at about $93.8 million.
• Analyst sentiment was mostly neutral: seven analysts rated BLDR a Buy, 16 a Hold, and two a Sell; the average price target was $75.55.
• Builders FirstSource reported quarterly EPS of $1.51, beating the $1.06 consensus, and revenue of $3.85 billion, above estimates; revenue was down 2.2% year over year.

Retirement Systems of Alabama raised its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 7,181.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,645,420 shares of the company's stock after acquiring an additional 1,622,824 shares during the period. Retirement Systems of Alabama owned approximately 1.53% of Builders FirstSource worth $93,805,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wedbush Securities Inc. boosted its position in shares of Builders FirstSource by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,927 shares of the company's stock worth $262,000 after purchasing an additional 147 shares during the last quarter. Private Advisor Group LLC increased its holdings in Builders FirstSource by 5.9% in the first quarter. Private Advisor Group LLC now owns 2,890 shares of the company's stock valued at $238,000 after purchasing an additional 162 shares during the last quarter. Altshuler Shaham Ltd increased its holdings in Builders FirstSource by 2.4% in the first quarter. Altshuler Shaham Ltd now owns 7,600 shares of the company's stock valued at $626,000 after purchasing an additional 180 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in Builders FirstSource by 5.9% in the second quarter. Mufg Securities Americas Inc. now owns 3,240 shares of the company's stock valued at $290,000 after buying an additional 180 shares during the period. Finally, American Trust lifted its stake in Builders FirstSource by 6.7% in the first quarter. American Trust now owns 3,138 shares of the company's stock valued at $258,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 95.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLDR. Benchmark reduced their target price on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. William Blair cut Builders FirstSource from an "outperform" rating to a "market perform" rating in a research note on Thursday, October 22nd. DA Davidson set a $68.00 price target on Builders FirstSource in a research note on Friday, July 31st. KeyCorp cut their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Finally, Robert W. Baird set a $75.00 price objective on shares of Builders FirstSource in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $75.55.

Builders FirstSource Price Performance

BLDR opened at $65.88 on Tuesday. 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 company has a fifty day simple moving average of $58.90 and a 200 day simple moving average of $78.91. The stock has a market cap of $7.09 billion, a P/E ratio of 178.06, a P/E/G ratio of 1.93 and a beta of 1.41.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. On average, research analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

About Builders FirstSource

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