Illinois Municipal Retirement Fund Sells 7,488 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Illinois Municipal Retirement Fund lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,907 shares of the company's stock after selling 7,488 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.09% of Builders FirstSource worth $13,232,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BLDR. FMR LLC raised its stake in shares of Builders FirstSource by 7.3% during the 4th quarter. FMR LLC now owns 10,898,366 shares of the company's stock worth $1,557,703,000 after acquiring an additional 740,214 shares in the last quarter. Invesco Ltd. raised its stake in shares of Builders FirstSource by 1.2% during the 4th quarter. Invesco Ltd. now owns 2,253,588 shares of the company's stock worth $322,105,000 after acquiring an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock worth $319,898,000 after acquiring an additional 77,666 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Builders FirstSource by 8.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock worth $225,637,000 after acquiring an additional 120,400 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of NYSE BLDR opened at $115.95 on Friday. The company's fifty day moving average price is $113.69 and its 200 day moving average price is $133.11. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $203.14. The company has a market capitalization of $12.81 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 7.38 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82.

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

Builders FirstSource declared that its board has authorized a stock buyback program on Thursday, May 1st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Raymond James Financial restated an "outperform" rating and set a $140.00 price target (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Stifel Nicolaus cut their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a "buy" rating and a $151.00 price target on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $132.00 price target on shares of Builders FirstSource in a research note on Thursday, May 15th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Builders FirstSource currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.11.

Insider Buying and Selling at Builders FirstSource

In related news, Director Paul S. Levy acquired 283,517 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the completion of the acquisition, the director now directly owns 1,672,687 shares in the company, valued at approximately $186,019,521.27. This trade represents a 20.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dirkson R. Charles purchased 5,000 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $548,350. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 505,000 shares of company stock valued at $56,032,120 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

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.

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