Teacher Retirement System of Texas Increases Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Teacher Retirement System of Texas increased its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,008 shares of the company’s stock after purchasing an additional 1,199 shares during the period. Teacher Retirement System of Texas owned 0.05% of Builders FirstSource worth $8,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brooklyn Investment Group acquired a new position in Builders FirstSource in the 3rd quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource in the 4th quarter worth $33,000. Brown Brothers Harriman & Co. acquired a new position in Builders FirstSource in the 3rd quarter worth $46,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource in the 4th quarter worth $34,000. Finally, Avion Wealth lifted its holdings in Builders FirstSource by 728.6% in the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock worth $49,000 after buying an additional 306 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Builders FirstSource Price Performance

NYSE BLDR opened at $126.42 on Friday. Builders FirstSource, Inc. has a 52 week low of $122.49 and a 52 week high of $212.24. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The company has a 50-day moving average price of $148.43 and a two-hundred day moving average price of $165.95.

Builders FirstSource (NYSE:BLDR) last posted 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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Analysts forecast that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a report on Monday, February 24th. Truist Financial cut their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Benchmark cut their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, The Goldman Sachs Group cut their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.72.

Builders FirstSource 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.