State of New Jersey Common Pension Fund D Sells 4,743 Shares of Builders FirstSource, Inc. $BLDR

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Builders FirstSource by 11.2%, selling 4,743 shares, and currently holds 37,727 shares valued at approximately $4.7 million.
• Several institutional investors, including Aberdeen Group, significantly increased their holdings in the company, with Aberdeen boosting its position by 72.7%.
• Analysts have mixed ratings on Builders FirstSource, with a consensus rating of "Moderate Buy" and an average target price of $154.44, reflecting a downward adjustment from previous estimates.

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,727 shares of the company's stock after selling 4,743 shares during the period. State of New Jersey Common Pension Fund D's holdings in Builders FirstSource were worth $4,714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ethic Inc. boosted its holdings in shares of Builders FirstSource by 12.1% during the 1st quarter. Ethic Inc. now owns 4,823 shares of the company's stock worth $606,000 after buying an additional 521 shares in the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Builders FirstSource by 16.8% during the 1st quarter. Brandywine Global Investment Management LLC now owns 366,394 shares of the company's stock worth $45,777,000 after buying an additional 52,802 shares in the last quarter. Aberdeen Group plc boosted its holdings in shares of Builders FirstSource by 72.7% during the 1st quarter. Aberdeen Group plc now owns 79,455 shares of the company's stock worth $9,808,000 after buying an additional 33,443 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Builders FirstSource by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,244,449 shares of the company's stock worth $280,387,000 after buying an additional 6,453 shares in the last quarter. Finally, Horizon Investments LLC raised its position in shares of Builders FirstSource by 5.5% during the first quarter. Horizon Investments LLC now owns 2,205 shares of the company's stock worth $275,000 after purchasing an additional 114 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BLDR shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $134.00 target price on shares of Builders FirstSource in a research report on Friday, August 1st. Robert W. Baird lowered Builders FirstSource from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $145.00 to $130.00 in a research report on Friday, August 1st. Wedbush lowered their target price on Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, June 20th. Barclays lowered their target price on Builders FirstSource from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Finally, UBS Group lowered their target price on Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Eleven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $154.44.

Insider Buying and Selling

In related news, Director Dirkson R. Charles purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $109.67 per share, with a total value of $548,350.00. Following the transaction, the director owned 5,000 shares of the company's stock, valued at $548,350. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company's stock.

Builders FirstSource Trading Up 1.2%

NYSE BLDR opened at $138.1850 on Wednesday. The firm has a market capitalization of $15.28 billion, a P/E ratio of 20.97, a PEG ratio of 14.46 and a beta of 1.68. The business has a fifty day simple moving average of $126.30 and a 200 day simple moving average of $126.16. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14. The company has a current ratio of 1.79, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.03. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.29 billion. Builders FirstSource had a return on equity of 24.61% and a net margin of 4.74%.Builders FirstSource's quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. Builders FirstSource has set its FY 2025 guidance at EPS. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Builders FirstSource announced that its board has approved a share repurchase plan on Thursday, May 1st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

About Builders FirstSource

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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