Teacher Retirement System of Texas Sells 44,170 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Teacher Retirement System of Texas reduced its position in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 72.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,838 shares of the company's stock after selling 44,170 shares during the quarter. Teacher Retirement System of Texas' holdings in Builders FirstSource were worth $2,104,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BLDR. Proficio Capital Partners LLC boosted its position in shares of Builders FirstSource by 9.4% in the fourth quarter. Proficio Capital Partners LLC now owns 4,547 shares of the company's stock valued at $650,000 after acquiring an additional 390 shares during the period. Raymond James Financial Inc. purchased a new position in Builders FirstSource in the 4th quarter worth approximately $34,540,000. AlphaQuest LLC grew its stake in Builders FirstSource by 5,227.3% in the 4th quarter. AlphaQuest LLC now owns 586 shares of the company's stock worth $84,000 after buying an additional 575 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Builders FirstSource by 6.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,093 shares of the company's stock worth $5,873,000 after buying an additional 2,519 shares during the last quarter. Finally, Independent Advisor Alliance raised its position in shares of Builders FirstSource by 70.5% during the 4th quarter. Independent Advisor Alliance now owns 2,280 shares of the company's stock valued at $326,000 after buying an additional 943 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Builders FirstSource Trading Down 1.4%

Shares of NYSE BLDR traded down $1.88 during trading hours on Monday, hitting $131.40. The company's stock had a trading volume of 2,308,458 shares, compared to its average volume of 1,721,420. The business has a 50-day simple moving average of $115.73 and a 200-day simple moving average of $130.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.07 and a current ratio of 1.82. The stock has a market cap of $14.52 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 8.70 and a beta of 1.69. Builders FirstSource, Inc. has a 12 month low of $102.60 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the business earned $2.65 earnings per share. The business's revenue was down 6.0% on a year-over-year basis. On average, analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its Board of Directors has approved a share buyback plan on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Insider Transactions at Builders FirstSource

In related news, Director Dirkson R. Charles acquired 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $109.67 per share, for a total transaction of $548,350.00. Following the purchase, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul S. Levy bought 283,517 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the acquisition, the director directly owned 1,672,687 shares in the company, valued at $186,019,521.27. This trade represents a 20.41% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 505,000 shares of company stock valued at $56,032,120. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BLDR shares. UBS Group cut their target price on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. BMO Capital Markets reduced their price objective on Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus decreased their price objective on Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. Finally, Loop Capital decreased their price target on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Builders FirstSource has an average rating of "Moderate Buy" and a consensus price target of $159.42.

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.