Kentucky Retirement Systems Insurance Trust Fund Has $849,000 Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 4,071 shares of the company’s stock after selling 325 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Builders FirstSource were worth $849,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Builders FirstSource by 15.7% in the 4th quarter. Vanguard Group Inc. now owns 14,668,049 shares of the company’s stock valued at $2,448,684,000 after purchasing an additional 1,985,297 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of Builders FirstSource by 11.2% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,416,611 shares of the company’s stock valued at $236,489,000 after purchasing an additional 143,041 shares during the last quarter. Boston Partners boosted its stake in shares of Builders FirstSource by 73.5% in the 4th quarter. Boston Partners now owns 1,366,784 shares of the company’s stock valued at $227,464,000 after purchasing an additional 578,961 shares during the last quarter. Norges Bank bought a new position in shares of Builders FirstSource in the 4th quarter valued at about $212,209,000. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of Builders FirstSource by 34.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,133,751 shares of the company’s stock valued at $189,268,000 after purchasing an additional 292,966 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insiders Place Their Bets

In other Builders FirstSource news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the sale, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $159.25, for a total value of $776,343.75. Following the transaction, the insider now directly owns 30,106 shares in the company, valued at $4,794,380.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $170.11, for a total transaction of $1,551,062.98. Following the completion of the transaction, the insider now owns 22,667 shares in the company, valued at $3,855,883.37. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BLDR. Jefferies Financial Group raised their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Zelman & Associates reiterated a “hold” rating on shares of Builders FirstSource in a research report on Monday, June 17th. Bank of America cut their price target on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays cut their price target on shares of Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Robert W. Baird cut their price target on shares of Builders FirstSource from $207.00 to $197.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Builders FirstSource presently has a consensus rating of “Moderate Buy” and an average price target of $190.87.

Builders FirstSource Stock Up 1.0 %

Shares of BLDR stock traded up $1.72 during trading on Monday, reaching $169.21. The company’s stock had a trading volume of 341,281 shares, compared to its average volume of 1,604,945. The business has a fifty day moving average price of $150.75 and a 200-day moving average price of $173.85. The company has a quick ratio of 1.45, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.69 and a beta of 2.04. Builders FirstSource, Inc. has a one year low of $105.24 and a one year high of $214.70.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.23. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.96 earnings per share. Analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current 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.