New York State Common Retirement Fund Buys 43,854 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

New York State Common Retirement Fund lifted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 72.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 104,664 shares of the company’s stock after purchasing an additional 43,854 shares during the period. New York State Common Retirement Fund’s holdings in Builders FirstSource were worth $14,960,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BLDR. AMF Tjanstepension AB purchased a new position in Builders FirstSource during the third quarter valued at approximately $1,471,000. Creative Planning raised its holdings in shares of Builders FirstSource by 35.6% during the 3rd quarter. Creative Planning now owns 12,963 shares of the company’s stock worth $2,513,000 after acquiring an additional 3,406 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Builders FirstSource during the third quarter valued at $539,000. Signaturefd LLC raised its position in shares of Builders FirstSource by 34.4% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $306,000 after buying an additional 404 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of Builders FirstSource by 6.3% in the 3rd quarter. Greenleaf Trust now owns 1,639 shares of the company’s stock valued at $318,000 after purchasing an additional 97 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BLDR shares. Royal Bank of Canada lowered their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a report on Friday. Barclays lowered their price target on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. The Goldman Sachs Group cut their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Finally, Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.88.

Builders FirstSource Price Performance

NYSE BLDR opened at $137.14 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock’s fifty day moving average price is $154.21 and its 200 day moving average price is $170.75. The company has a market cap of $15.78 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 0.80 and a beta of 2.12. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

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.