State of Alaska Department of Revenue Decreases Position in Builders FirstSource, Inc. (NYSE:BLDR)

State of Alaska Department of Revenue reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 44.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,124 shares of the company's stock after selling 10,360 shares during the quarter. State of Alaska Department of Revenue's holdings in Builders FirstSource were worth $1,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $28,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $39,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $33,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Builders FirstSource in the third quarter valued at approximately $46,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Wedbush reiterated an "outperform" rating and set a $230.00 target price on shares of Builders FirstSource in a research report on Wednesday, December 18th. Barclays decreased their target price on Builders FirstSource from $211.00 to $188.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $205.71.

Builders FirstSource Trading Up 0.9 %

Builders FirstSource stock traded up $1.40 during trading on Friday, hitting $153.90. The company's stock had a trading volume of 1,468,590 shares, compared to its average volume of 1,605,473. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 0.89 and a beta of 2.12. The stock's fifty day moving average is $156.79 and its 200 day moving average is $171.03. Builders FirstSource, Inc. has a 1-year low of $130.75 and a 1-year high of $214.70. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77.

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.