Illinois Municipal Retirement Fund Lowers Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Illinois Municipal Retirement Fund cut its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,907 shares of the company's stock after selling 7,488 shares during the period. Illinois Municipal Retirement Fund owned about 0.09% of Builders FirstSource worth $13,232,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in Builders FirstSource during the 4th quarter worth about $34,000. Sentry Investment Management LLC purchased a new stake in shares of Builders FirstSource in the 1st quarter worth approximately $40,000. CX Institutional bought a new position in shares of Builders FirstSource during the first quarter valued at approximately $45,000. Smartleaf Asset Management LLC increased its holdings in Builders FirstSource by 34.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company's stock valued at $74,000 after buying an additional 134 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Builders FirstSource in the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 95.53% of the company's stock.

Insider Transactions at Builders FirstSource

In other news, Director Paul S. Levy purchased 216,483 shares of the stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $110.65 per share, with a total value of $23,953,843.95. Following the transaction, the director now owns 1,389,170 shares in the company, valued at $153,711,660.50. The trade was a 18.46% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dirkson R. Charles acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at $548,350. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 1.80% of the company's stock.

Builders FirstSource Price Performance

Shares of NYSE BLDR traded down $0.18 during midday trading on Monday, hitting $116.83. The stock had a trading volume of 1,184,917 shares, compared to its average volume of 1,878,516. The company has a quick ratio of 1.07, a current ratio of 1.82 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $113.69 and a 200-day simple moving average of $132.20. The company has a market capitalization of $12.91 billion, a PE ratio of 14.98, a P/E/G ratio of 7.45 and a beta of 1.70. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. Builders FirstSource had a return on equity of 28.02% and a net margin of 5.66%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the firm posted $2.65 EPS. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BLDR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They set a "buy" rating and a $151.00 target price for the company. Wedbush lowered their price objective on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a research report on Friday, June 20th. Stephens reduced their target price on Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Barclays decreased their price target on Builders FirstSource from $151.00 to $137.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.11.

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.