New York State Common Retirement Fund Purchases 43,854 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

New York State Common Retirement Fund lifted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 72.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,664 shares of the company’s stock after purchasing an additional 43,854 shares during the period. New York State Common Retirement Fund owned 0.09% of Builders FirstSource worth $14,960,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLDR. World Equity Group Inc. lifted its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC lifted its position in shares of Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Builders FirstSource by 0.4% in the 4th quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. TFB Advisors LLC grew its stake in Builders FirstSource by 2.1% in the 4th quarter. TFB Advisors LLC now owns 3,819 shares of the company’s stock valued at $546,000 after purchasing an additional 79 shares during the period. Finally, Private Trust Co. NA grew its position in Builders FirstSource by 14.6% during the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after buying an additional 82 shares during the period. 95.53% of the stock is owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $137.14 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $154.21 and its two-hundred day simple moving average is $170.75. The firm has a market cap of $15.78 billion, a PE ratio of 15.14, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Ratings Changes

BLDR has been the subject of a number of recent research reports. Benchmark decreased their target price on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research report on Friday. Barclays reduced their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. DA Davidson upped their target price on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Moderate Buy” and an average price target of $196.88.

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.