Builders FirstSource, Inc. $BLDR Stake Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 3,904.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,435 shares of the company’s stock after buying an additional 209,080 shares during the period. Maryland State Retirement & Pension System owned 0.20% of Builders FirstSource worth $12,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLDR. Pavion Blue Capital LLC purchased a new position in Builders FirstSource during the third quarter valued at approximately $2,769,000. UNIVEST FINANCIAL Corp bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $345,000. Joel Isaacson & Co. LLC bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $3,366,000. Jacobi Capital Management LLC purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $1,139,000. Finally, Valued Wealth Advisors LLC lifted its stake in Builders FirstSource by 26,633.3% in the 3rd quarter. Valued Wealth Advisors LLC now owns 802 shares of the company’s stock worth $46,000 after purchasing an additional 799 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Stock Down 1.1%

BLDR stock opened at $62.23 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.14 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $58.82 and its 200 day moving average is $78.30. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 168.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. Builders FirstSource had a net margin of 0.28% and a return on equity of 10.77%. The business had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the firm posted $1.88 earnings per share. Builders FirstSource’s quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts predict that Builders FirstSource, Inc. will post 3.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several analyst reports. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. KeyCorp decreased their price target on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Wells Fargo & Company increased their price objective on Builders FirstSource from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 30th. Barclays dropped their price objective on Builders FirstSource from $81.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $78.00 price objective on shares of Builders FirstSource in a research note on Friday, October 30th. Seven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $75.55.

Builders FirstSource Company Profile

Builders FirstSource, Inc. supplies building materials and construction services to professional homebuilders, remodelers and contractors in the United States. The company serves customers through a network of locations across the country. Its offerings include lumber, windows, doors, roofing and other building products, as well as manufactured components such as roof and floor trusses, wall panels and stairs. Builders FirstSource also provides services including design support, component manufacturing and jobsite delivery.