Builders FirstSource, Inc. (NYSE:BLDR) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,395 shares of the company’s stock after buying an additional 1,145 shares during the quarter. Illinois Municipal Retirement Fund owned 0.10% of Builders FirstSource worth $16,208,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource in the 3rd quarter valued at about $2,099,877,000. FMR LLC raised its holdings in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares during the period. Baillie Gifford & Co. purchased a new position in shares of Builders FirstSource during the 3rd quarter valued at approximately $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company’s stock worth $128,331,000 after buying an additional 661,718 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a report on Tuesday, October 29th. The Goldman Sachs Group decreased their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Benchmark lowered their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Friday. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Stephens boosted their price target on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Price Performance

BLDR stock opened at $138.57 on Tuesday. The firm has a 50 day moving average of $153.77 and a 200-day moving average of $170.65. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.80 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 0.86. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its 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 return on equity of 30.54% and a net margin of 6.57%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. As a group, equities analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

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.