State of Alaska Department of Revenue Acquires 338,137 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• State of Alaska Department of Revenue increased its Builders FirstSource stake by 338,137 shares, or 3,208.4%, to 348,676 shares valued at approximately $19.9 million.
• Analysts maintain a largely cautious outlook: the stock has a consensus “Hold” rating and an average price target of $84.50, with nine Buy, thirteen Hold, and three Sell ratings.
• Builders FirstSource reported quarterly revenue of $3.86 billion and EPS of $1.17, missing analyst estimates; revenue declined 8.8% year over year, while the stock traded near $53.70 versus a 52-week range of $49.67 to $131.50.

State of Alaska Department of Revenue boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 3,208.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 348,676 shares of the company's stock after purchasing an additional 338,137 shares during the period. State of Alaska Department of Revenue owned about 0.32% of Builders FirstSource worth $19,878,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in shares of Builders FirstSource by 508.5% during the 1st quarter. Sunbelt Securities Inc. now owns 359 shares of the company's stock valued at $30,000 after purchasing an additional 300 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company's stock worth $31,000 after purchasing an additional 113 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter worth $34,000. Versant Capital Management Inc boosted its holdings in shares of Builders FirstSource by 67.5% in the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company's stock worth $38,000 after buying an additional 270 shares during the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Builders FirstSource in the 2nd quarter worth about $42,000. Institutional investors own 95.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. BMO Capital Markets reaffirmed a "market perform" rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Citigroup reaffirmed a "market perform" rating on shares of Builders FirstSource in a research report on Thursday, October 8th. Stifel Nicolaus set a $65.00 target price on shares of Builders FirstSource in a research note on Friday, September 18th. Finally, Citizens Jmp started coverage on shares of Builders FirstSource in a research report on Friday, August 21st. They set a "market perform" rating for the company. Nine analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $84.50.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $53.70 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The business has a fifty day simple moving average of $62.50 and a two-hundred day simple moving average of $72.81. Builders FirstSource, Inc. has a 1 year low of $49.67 and a 1 year high of $131.50. The company has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). The firm had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The business's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.38 earnings per share. On average, analysts expect that Builders FirstSource, Inc. will post 3.19 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 professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.

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