California State Teachers Retirement System Has $11.18 Million Holdings in Builders FirstSource, Inc. $BLDR

California State Teachers Retirement System decreased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 24.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 124,920 shares of the company's stock after selling 39,752 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Builders FirstSource worth $11,177,842 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its position in shares of Builders FirstSource by 508.5% in the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Root Financial Partners LLC lifted its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company's stock valued at $31,000 after acquiring an additional 113 shares during the period. Clearstead Advisors LLC grew its holdings in shares of Builders FirstSource by 100.0% in the fourth quarter. Clearstead Advisors LLC now owns 466 shares of the company's stock valued at $48,000 after purchasing an additional 233 shares in the last quarter. Allworth Financial LP purchased a new position in shares of Builders FirstSource during the second quarter worth approximately $42,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Builders FirstSource during the second quarter worth about $48,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BLDR. Benchmark dropped their price objective on Builders FirstSource from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. Citigroup started coverage on shares of Builders FirstSource in a research note on Friday, August 21st. They issued a "market perform" rating on the stock. Stifel Nicolaus dropped their price target on Builders FirstSource from $76.00 to $70.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. UBS Group cut their price target on shares of Builders FirstSource from $122.00 to $88.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft set a $66.00 price target on shares of Builders FirstSource in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $87.52.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR remained flat at $60.24 on Tuesday. The stock had a trading volume of 1,648,761 shares, compared to its average volume of 2,393,147. The business has a 50-day moving average of $70.12 and a 200 day moving average of $78.40. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 66.25, a PEG ratio of 1.96 and a beta of 1.41. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. Builders FirstSource, Inc. has a twelve month low of $58.13 and a twelve month high of $142.26.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.17 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the company earned $2.38 EPS. The company's quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 3.15 earnings per share for the current year.

About Builders FirstSource

Builders FirstSource, Inc NYSE: BLDR is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction customers. The company serves customers primarily across the United States through a network of locations and distribution facilities.

Its product offerings include lumber and engineered wood products, windows, doors, siding, roofing, insulation, cabinets, countertops, stairs and other construction materials.

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