State of New Jersey Common Pension Fund D Sells 1,390 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

State of New Jersey Common Pension Fund D lessened its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,811 shares of the company’s stock after selling 1,390 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Builders FirstSource worth $11,821,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of Builders FirstSource by 80.8% during the third quarter. Invesco Ltd. now owns 1,956,109 shares of the company’s stock worth $243,516,000 after acquiring an additional 874,268 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Builders FirstSource by 30,560.2% during the third quarter. Qube Research & Technologies Ltd now owns 558,322 shares of the company’s stock worth $69,506,000 after acquiring an additional 556,501 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Builders FirstSource by 678.1% during the third quarter. Jupiter Asset Management Ltd. now owns 493,071 shares of the company’s stock worth $61,382,000 after acquiring an additional 429,699 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Builders FirstSource by 19.5% during the third quarter. AQR Capital Management LLC now owns 1,573,870 shares of the company’s stock worth $195,931,000 after acquiring an additional 256,609 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Builders FirstSource by 834.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 282,811 shares of the company’s stock worth $35,207,000 after acquiring an additional 252,551 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Insider Transactions at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of the sale, the director now owns 28,738 shares in the company, valued at approximately $5,747,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $1.58 during mid-day trading on Thursday, reaching $185.11. 930,592 shares of the company were exchanged, compared to its average volume of 1,249,849. The company’s 50-day simple moving average is $195.22 and its 200-day simple moving average is $164.43. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $22.57 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.16 and a beta of 2.04. Builders FirstSource, Inc. has a twelve month low of $90.10 and a twelve month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. As a group, research analysts predict that Builders FirstSource, Inc. will post 13.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLDR. Wedbush raised their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $153.00 to $200.00 in a research report on Monday, January 29th. Barclays raised their target price on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada raised their target price on shares of Builders FirstSource from $186.00 to $211.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.06.

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.