Teacher Retirement System of Texas Reduces Position in Builders FirstSource, Inc. (NYSE:BLDR)

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

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BLDR shares. Wedbush lowered their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. UBS Group lowered their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Robert W. Baird set a $130.00 price target on Builders FirstSource in a research note on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $132.00 price objective on shares of Builders FirstSource in a research report on Thursday, May 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Builders FirstSource in a research report on Tuesday, April 1st. They issued a "buy" rating and a $151.00 price target for the company. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average rating of "Moderate Buy" and an average price target of $159.42.

Builders FirstSource Trading Down 1.3%

Shares of Builders FirstSource stock traded down $1.73 on Friday, reaching $133.39. The company had a trading volume of 1,602,443 shares, compared to its average volume of 1,729,550. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 8.47 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The firm's 50-day moving average price is $115.34 and its two-hundred day moving average price is $130.79. 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. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.65 EPS. As a group, research analysts predict 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 stock buyback 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 leadership believes its stock is undervalued.

Insider Buying and Selling at Builders FirstSource

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

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.