Louisiana State Employees Retirement System Sells 400 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Louisiana State Employees Retirement System lessened its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,200 shares of the company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Builders FirstSource were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Lecap Asset Management Ltd. raised its stake in Builders FirstSource by 82.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after buying an additional 9,970 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at about $405,000. JPMorgan Chase & Co. raised its stake in Builders FirstSource by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock valued at $153,766,000 after buying an additional 58,436 shares during the last quarter. Oak Thistle LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at about $1,136,000. Finally, Forsta AP Fonden raised its stake in Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BLDR shares. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Oppenheimer restated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Stephens raised their target price on Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group began coverage on Builders FirstSource in a report on Friday, October 25th. They set a “buy” rating and a $232.00 target price on the stock. Finally, Raymond James assumed coverage on Builders FirstSource in a report on Friday, January 17th. They set an “outperform” rating and a $180.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

Builders FirstSource Stock Performance

NYSE BLDR opened at $153.90 on Tuesday. The stock’s fifty day moving average is $156.33 and its two-hundred day moving average is $171.01. The firm has a market capitalization of $17.71 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.16 and a current ratio of 1.77. Builders FirstSource, Inc. has a fifty-two week low of $130.75 and a fifty-two week high of $214.70.

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.