Teachers Retirement System of The State of Kentucky Has $10.51 Million Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 31.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,385 shares of the company’s stock after selling 23,651 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Builders FirstSource were worth $10,508,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Builders FirstSource by 15.7% during the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock worth $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Norges Bank bought a new position in Builders FirstSource during the 4th quarter worth approximately $212,209,000. Boston Partners raised its holdings in Builders FirstSource by 73.5% during the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock worth $227,464,000 after purchasing an additional 578,961 shares during the last quarter. Bessemer Group Inc. raised its holdings in Builders FirstSource by 477,028.7% during the 1st quarter. Bessemer Group Inc. now owns 448,501 shares of the company’s stock worth $93,535,000 after purchasing an additional 448,407 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Builders FirstSource by 152.9% during the 4th quarter. Hsbc Holdings PLC now owns 489,047 shares of the company’s stock worth $81,628,000 after purchasing an additional 295,643 shares during the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Down 4.6 %

BLDR stock traded down $7.35 during midday trading on Friday, reaching $152.15. 2,592,155 shares of the company’s stock traded hands, compared to its average volume of 1,848,300. The company has a market cap of $18.57 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 2.57 and a beta of 2.04. The firm’s fifty day moving average price is $150.23 and its 200-day moving average price is $173.61. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. Builders FirstSource, Inc. has a 52 week low of $105.24 and a 52 week high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.96 EPS. As a group, sell-side analysts forecast that Builders FirstSource, Inc. will post 12.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BLDR shares. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 22nd. Bank of America lowered shares of Builders FirstSource from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $183.00 to $180.00 in a research note on Friday. Truist Financial lowered their price objective on shares of Builders FirstSource from $190.00 to $180.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird lowered their price objective on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Finally, Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research note on Monday, June 17th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.57.

Insiders Place Their Bets

In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total transaction of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Michael Hiller sold 4,875 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul M. Mccrobie sold 9,118 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

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.