California Public Employees Retirement System Decreases Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

California Public Employees Retirement System lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 199,988 shares of the company's stock after selling 18,093 shares during the quarter. California Public Employees Retirement System owned 0.17% of Builders FirstSource worth $28,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BLDR. D.A. Davidson & CO. purchased a new stake in shares of Builders FirstSource during the third quarter valued at approximately $278,000. Edgestream Partners L.P. bought a new stake in Builders FirstSource during the 3rd quarter valued at $1,140,000. Benjamin Edwards Inc. boosted its position in Builders FirstSource by 392.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 8,221 shares of the company's stock valued at $1,594,000 after buying an additional 6,553 shares during the period. HighTower Advisors LLC grew its holdings in Builders FirstSource by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 22,100 shares of the company's stock worth $4,296,000 after acquiring an additional 64 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in shares of Builders FirstSource by 52.6% in the third quarter. Integrated Wealth Concepts LLC now owns 3,039 shares of the company's stock valued at $589,000 after acquiring an additional 1,047 shares during the period. 95.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com cut Builders FirstSource from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Truist Financial cut their price objective on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Raymond James restated an "outperform" rating and set a $170.00 target price (down previously from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Barclays cut their price target on shares of Builders FirstSource from $165.00 to $151.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, BMO Capital Markets decreased their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $187.89.

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Builders FirstSource Stock Performance

Builders FirstSource stock traded down $5.26 during midday trading on Tuesday, hitting $113.66. The stock had a trading volume of 2,500,635 shares, compared to its average volume of 1,673,430. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 52-week low of $112.13 and a 52-week high of $203.14. The firm's fifty day moving average is $138.15 and its two-hundred day moving average is $160.84. The company has a market capitalization of $12.91 billion, a PE ratio of 12.54, a P/E/G ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) 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. The business 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, research analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS 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.