Maryland State Retirement & Pension System Trims Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Maryland State Retirement & Pension System decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,117 shares of the company’s stock after selling 757 shares during the period. Maryland State Retirement & Pension System’s holdings in Builders FirstSource were worth $874,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of Builders FirstSource in the third quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter worth approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in Builders FirstSource during the 3rd quarter worth approximately $46,000. SBI Securities Co. Ltd. purchased a new stake in Builders FirstSource in the 4th quarter worth approximately $34,000. Finally, Avion Wealth boosted its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after purchasing an additional 306 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $126.42 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a one year low of $122.49 and a one year high of $212.24. The business’s 50 day simple moving average is $148.43 and its two-hundred day simple moving average is $165.93. The stock has a market capitalization of $14.36 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $2.18 by $0.13. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analyst Weigh In

BLDR has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Builders FirstSource in a research report on Wednesday, December 18th. Loop Capital decreased their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Barclays decreased their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.72.

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.