Builders FirstSource, Inc. $BLDR Stock Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3,208.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 348,676 shares of the company’s stock after buying an additional 338,137 shares during the period. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $19,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. grew its position in shares of Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock valued at $30,000 after purchasing an additional 300 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Builders FirstSource by 43.6% during the 1st quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the period. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $34,000. Versant Capital Management Inc lifted its holdings in Builders FirstSource by 67.5% during the 3rd quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after purchasing an additional 270 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Builders FirstSource in the 2nd quarter worth about $42,000. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $53.70 on Friday. The stock’s 50-day simple moving average is $62.50 and its two-hundred day simple moving average is $72.81. Builders FirstSource, Inc. has a twelve month low of $49.67 and a twelve month high of $131.50. The firm has a market capitalization of $5.78 billion, a P/E ratio of 59.01, a P/E/G ratio of 1.62 and a beta of 1.45. The company has a quick ratio of 1.09, a current ratio of 1.79 and a debt-to-equity ratio of 1.14.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of recent analyst reports. Barclays reduced their target price on Builders FirstSource from $93.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Wells Fargo & Company lowered their price target on shares of Builders FirstSource from $65.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. BMO Capital Markets restated a “market perform” rating and issued a $80.00 price objective on shares of Builders FirstSource in a research report on Thursday, August 6th. Royal Bank Of Canada cut their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Builders FirstSource currently has an average rating of “Hold” and an average target price of $84.50.

Builders FirstSource Company Profile

Builders FirstSource, Inc (NYSE: BLDR) is a supplier and manufacturer of building materials, manufactured components and construction services for professional homebuilders, contractors, remodelers and other construction professionals in the United States. The company serves customers through a network of locations across the country and supports both residential and selected commercial construction projects.

Its product offerings include lumber and other structural materials, engineered wood products, windows, interior and exterior doors, roofing, siding, cabinets, flooring and related building supplies.