Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 42,470 shares of the company’s stock after selling 2,225 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Builders FirstSource were worth $6,070,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of BLDR. Brooklyn Investment Group bought a new position in shares of Builders FirstSource in the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Builders FirstSource during the fourth quarter valued at about $33,000. Reston Wealth Management LLC bought a new position in Builders FirstSource during the third quarter valued at about $39,000. Brown Brothers Harriman & Co. bought a new position in Builders FirstSource during the third quarter valued at about $46,000. Finally, Avion Wealth boosted its stake in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares in the last quarter. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group assumed coverage on Builders FirstSource in a research note on Friday, October 25th. They set a “buy” rating and a $232.00 target price for the company. Barclays decreased their target price on Builders FirstSource from $211.00 to $188.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada raised their target price on Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com lowered Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Raymond James started coverage on Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target for the company. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Stock Down 3.9 %

Shares of Builders FirstSource stock opened at $147.84 on Wednesday. The stock has a 50-day moving average price of $156.33 and a 200 day moving average price of $171.01. The company has a market cap of $17.01 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.89 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70.

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.