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California State Teachers Retirement System sells 6,407 shares of Builders FirstSource, Inc. (NYSE:BLDR)


California State Teachers Retirement System has sold its interest in Builders FirstSource, Inc. (NYSE:BLDR – Free Report) fell 3.0% in the fourth quarter, the company said in its most recent 13F filing with the Securities & Exchange Commission. The company owned 205,871 shares of the company after selling 6,407 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of Builders FirstSource worth $34,368,000 at the end of the most recent reporting period.

Several other major investors have also recently bought and sold shares of BLDR. EdgeRock Capital LLC bought a new position in shares of Builders FirstSource during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new position in shares of Builders FirstSource during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource during the fourth quarter worth approximately $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource during the third quarter valued at approximately $30,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of Builders FirstSource by 134.0% during the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock worth $31,000 after purchasing an additional 142 shares during the period. 95.53% of the shares are held by institutional investors.

Buying and selling with insider information

In related news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30. The shares sold at an average price of $159.25, for a total transaction of $776,343.75. Following the completion of the transaction, the insider now owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Builders FirstSource news, insider Michael Hiller sold 4,875 shares of Builders FirstSource stock in a transaction on Thursday, May 30. The shares sold at an average price of $159.25, for a total value of $776,343.75. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at $4,794,380.50. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC website. Insider Paul M. Mccrobie also sold 9,118 shares of Builders FirstSource in a transaction on Friday, May 24. 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 sale, the insider now directly owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The explanation of this sale can be found here. Insiders sold 21,752 company shares worth $3,879,207 last quarter. Insiders own 1.80% of the company’s shares.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $146.52 on Wednesday. The company has a market cap of $17.88 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.36 and a beta of 2.08. The company’s fifty-day moving average is $181.79 and its 200-day moving average is $175.38. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.45 and a current ratio of 2.21. Builders FirstSource, Inc. has a 52-week low of $105.24 and a 52-week high of $214.70.

Builders FirstSource (NYSE:BLDR – Get Free Report) last reported its earnings results on Tuesday, May 7. The company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.83 billion. In the same quarter last year, the company earned earnings per share of $2.96. Builders FirstSource’s quarterly revenue rose 0.2% year over year. Sell-side analysts predict that Builders FirstSource, Inc. will post earnings per share of 13.12 for the current year.

Wall Street analysts predict growth

Several brokers recently commented on BLDR. Truist Financial lowered their target price on shares of Builders FirstSource from $190.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Oppenheimer raised their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Wedbush reissued an “outperform” rating and a $215.00 price target (up from $225.00) on shares of Builders FirstSource in a research note on Tuesday, May 7. Barclays lowered their price objective on shares of Builders FirstSource from $240.00 to $200.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8. Finally, DA Davidson reissued a “neutral” rating and issued a $185.00 price objective on shares of Builders FirstSource in a research note on Thursday, March 28. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $196.27.

Check out our latest stock analysis on BLDR

Builders FirstSource Company Profile

(Free report)

Builders FirstSource, Inc, together with its subsidiaries, manufactures and supplies building materials, manufactured components and construction services to professional homebuilders, subcontractors, remodelers and consumers throughout the United States. It offers lumber and lumber sheet materials, consisting of dimensional lumber, plywood and oriented strand board products used in on-site home framing; manufactured products, such as wooden 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 cladding and custom products consisting of intricate moldings, stair components and columns under the Synboard brand.

Read further

Would you like to see which other hedge funds own BLDR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Builders FirstSource, Inc. (NYSE:BLDR – Free Report).

Quarterly Institutional Ownership for Builders FirstSource (NYSE:BLDR)



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