State of New Jersey Common Pension Fund D Sells 2,225 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

State of New Jersey Common Pension Fund D reduced its stake in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,470 shares of the company's stock after selling 2,225 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Builders FirstSource were worth $6,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource during the 3rd quarter valued at $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource in the fourth quarter valued at $33,000. Reston Wealth Management LLC purchased a new stake in Builders FirstSource during the third quarter valued at about $39,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the third quarter worth about $46,000. Finally, Avion Wealth boosted its holdings in shares of Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company's stock worth $49,000 after purchasing an additional 306 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. Wedbush reissued an "outperform" rating and set a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. DA Davidson upped their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Raymond James reaffirmed 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. Finally, StockNews.com lowered shares of Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $196.88.

Builders FirstSource Trading Down 5.0 %

BLDR stock traded down $7.25 on Friday, reaching $137.14. The company's stock had a trading volume of 3,484,890 shares, compared to its average volume of 1,656,199. The firm has a market cap of $15.78 billion, a PE ratio of 13.39, a PEG ratio of 0.81 and a beta of 2.12. The business has a fifty day simple moving average of $154.79 and a two-hundred day simple moving average of $170.61. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month 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 (NYSE:BLDR - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 7.40% and a return on equity of 33.55%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, research analysts forecast that Builders FirstSource, Inc. will post 11.5 EPS for the current year.

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.