State of Tennessee Department of Treasury Sells 14,039 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

State of Tennessee Department of Treasury lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,693 shares of the company's stock after selling 14,039 shares during the quarter. State of Tennessee Department of Treasury's holdings in Builders FirstSource were worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in 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 purchasing an additional 740,214 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 26,314 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Builders FirstSource by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,237,996 shares of the company's stock valued at $319,898,000 after buying an additional 77,666 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in 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 valued at $277,776,000 after buying an additional 623,583 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Builders FirstSource by 20.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after purchasing an additional 285,458 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Up 0.2 %

Shares of NYSE:BLDR opened at $121.55 on Tuesday. Builders FirstSource, Inc. has a 1 year low of $110.84 and a 1 year high of $203.14. The business has a 50 day simple moving average of $126.73 and a two-hundred day simple moving average of $153.04. The firm has a market capitalization of $13.83 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BLDR. Barclays decreased their price objective on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. BMO Capital Markets dropped their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating on the stock in a report on Monday, February 24th. StockNews.com downgraded shares of Builders FirstSource from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Loop Capital cut their price objective on shares of Builders FirstSource from $190.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group reduced their price objective on Builders FirstSource from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $186.84.

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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