Teachers Retirement System of The State of Kentucky Buys 4,540 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Teachers Retirement System of The State of Kentucky increased its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,632 shares of the company's stock after acquiring an additional 4,540 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Builders FirstSource were worth $10,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forsta AP Fonden boosted its holdings in Builders FirstSource by 12.1% during the third quarter. Forsta AP Fonden now owns 26,800 shares of the company's stock worth $5,195,000 after buying an additional 2,900 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Builders FirstSource by 18.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 115,995 shares of the company's stock valued at $16,055,000 after purchasing an additional 18,223 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Builders FirstSource by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 785,842 shares of the company's stock valued at $152,343,000 after purchasing an additional 16,000 shares in the last quarter. AMF Tjanstepension AB bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $1,471,000. Finally, Independent Advisor Alliance bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $259,000. Institutional investors own 95.53% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BLDR. Robert W. Baird lifted their price objective on Builders FirstSource from $190.00 to $222.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. The Goldman Sachs Group assumed coverage on Builders FirstSource in a research report on Thursday, October 10th. They issued a "buy" rating and a $225.00 target price on the stock. Stephens lifted their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Oppenheimer reissued an "outperform" rating and issued a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group lifted their target price on Builders FirstSource from $185.00 to $223.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Three equities research 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $210.00.

Insider Activity at Builders FirstSource

In related news, Director Cleveland A. Christophe sold 10,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $178.41, for a total value of $1,784,100.00. Following the completion of the sale, the director now directly owns 33,083 shares in the company, valued at $5,902,338.03. The trade was a 23.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

Shares of BLDR stock traded down $1.49 during trading on Thursday, reaching $170.67. 855,295 shares of the company's stock were exchanged, compared to its average volume of 1,530,822. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $19.64 billion, a PE ratio of 16.67, a PEG ratio of 0.98 and a beta of 2.06. Builders FirstSource, Inc. has a twelve month low of $130.75 and a twelve month high of $214.70. The firm's fifty day moving average price is $182.21 and its 200-day moving average price is $169.03.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.44 billion. Builders FirstSource had a return on equity of 33.55% and a net margin of 7.40%. The firm's revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.24 earnings per share. As a group, sell-side analysts anticipate that Builders FirstSource, Inc. will post 11.55 EPS for the current year.

Builders FirstSource Company 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.