State of New Jersey Common Pension Fund D Sells 10,047 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

State of New Jersey Common Pension Fund D cut its stake in Builders FirstSource, Inc. (NYSE:BLDRFree Report) by 12.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,201 shares of the company’s stock after selling 10,047 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Builders FirstSource worth $8,988,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Builders FirstSource by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 17,422,176 shares of the company’s stock worth $1,124,428,000 after buying an additional 86,484 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Builders FirstSource by 9.6% during the 2nd quarter. BlackRock Inc. now owns 15,031,161 shares of the company’s stock worth $2,044,238,000 after buying an additional 1,320,774 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Builders FirstSource by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 11,277,012 shares of the company’s stock worth $727,819,000 after buying an additional 1,455,580 shares in the last quarter. State Street Corp boosted its holdings in shares of Builders FirstSource by 5.1% during the 2nd quarter. State Street Corp now owns 4,784,828 shares of the company’s stock worth $650,737,000 after buying an additional 232,105 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Builders FirstSource by 182.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,305,047 shares of the company’s stock worth $313,486,000 after buying an additional 1,487,620 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Michael Alan Farmer sold 3,318 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $145.64, for a total transaction of $483,233.52. Following the completion of the sale, the insider now directly owns 60,660 shares of the company’s stock, valued at approximately $8,834,522.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Builders FirstSource Trading Up 0.0 %

Shares of Builders FirstSource stock opened at $185.33 on Monday. Builders FirstSource, Inc. has a 1 year low of $76.69 and a 1 year high of $186.58. The firm has a market cap of $22.86 billion, a PE ratio of 15.73 and a beta of 2.04. The stock has a fifty day moving average price of $165.73 and a 200-day moving average price of $142.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.76 and a quick ratio of 1.11.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Builders FirstSource in a report on Wednesday, November 29th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Oppenheimer began coverage on Builders FirstSource in a report on Friday, January 19th. They issued an “outperform” rating and a $220.00 target price on the stock. B. Riley upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and increased their target price for the stock from $128.00 to $177.00 in a report on Wednesday, December 6th. Finally, Stifel Nicolaus increased their target price on Builders FirstSource from $184.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $169.53.

View Our Latest 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, 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, steel roof 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.

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Institutional Ownership by Quarter for Builders FirstSource (NYSE:BLDR)

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