State of Alaska Department of Revenue Cuts Position in Builders FirstSource, Inc. (NYSE:BLDR)

State of Alaska Department of Revenue trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 44.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,124 shares of the company’s stock after selling 10,360 shares during the quarter. State of Alaska Department of Revenue’s holdings in Builders FirstSource were worth $1,875,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cyndeo Wealth Partners LLC grew its position in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after acquiring an additional 56 shares during the period. World Equity Group Inc. lifted its stake in Builders FirstSource by 4.1% in the third quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the last quarter. HighTower Advisors LLC grew its holdings in Builders FirstSource by 0.3% during the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares during the period. Integrated Investment Consultants LLC increased its position in Builders FirstSource by 0.4% in the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock worth $2,145,000 after buying an additional 65 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Builders FirstSource by 14.6% in the third quarter. Private Trust Co. NA now owns 642 shares of the company’s stock valued at $124,000 after buying an additional 82 shares during the period. 95.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BLDR. StockNews.com downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Robert W. Baird increased their target price on shares of Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group started coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They issued a “buy” rating and a $232.00 price target on the stock. Stephens raised their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Four investment 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 stock. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of “Moderate Buy” and an average price target of $205.71.

Builders FirstSource Trading Up 0.3 %

Shares of Builders FirstSource stock opened at $156.26 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 1 year low of $130.75 and a 1 year high of $214.70. The firm has a market cap of $17.98 billion, a PE ratio of 15.26, a PEG ratio of 0.89 and a beta of 2.12. The company has a 50 day simple moving average of $158.22 and a two-hundred day simple moving average of $171.37.

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.