Public Sector Pension Investment Board Grows Stock Position in Builders FirstSource, Inc. $BLDR

Public Sector Pension Investment Board boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 10,918.0% during the third quarter, Holdings Channel reports. The institutional investor owned 881,439 shares of the company’s stock after buying an additional 873,439 shares during the period. Public Sector Pension Investment Board’s holdings in Builders FirstSource were worth $106,874,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its holdings in shares of Builders FirstSource by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,460 shares of the company’s stock worth $432,000 after acquiring an additional 295 shares during the period. Woodline Partners LP increased its position in Builders FirstSource by 40.7% during the first quarter. Woodline Partners LP now owns 9,723 shares of the company’s stock worth $1,215,000 after purchasing an additional 2,812 shares during the last quarter. Callan Family Office LLC purchased a new position in Builders FirstSource during the second quarter worth approximately $406,000. IFP Advisors Inc boosted its holdings in shares of Builders FirstSource by 21.7% in the 2nd quarter. IFP Advisors Inc now owns 2,580 shares of the company’s stock valued at $318,000 after purchasing an additional 460 shares during the last quarter. Finally, Aberdeen Group plc boosted its holdings in shares of Builders FirstSource by 6.0% in the 2nd quarter. Aberdeen Group plc now owns 84,235 shares of the company’s stock valued at $9,829,000 after purchasing an additional 4,780 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

BLDR stock opened at $120.59 on Friday. The firm has a market cap of $13.33 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 15.89 and a beta of 1.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.79. Builders FirstSource, Inc. has a 1 year low of $94.35 and a 1 year high of $157.96. The stock has a 50-day simple moving average of $114.09 and a 200-day simple moving average of $120.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BLDR shares. Robert W. Baird set a $135.00 price objective on Builders FirstSource in a report on Friday, October 31st. Wells Fargo & Company upped their price target on Builders FirstSource from $115.00 to $120.00 and gave the stock a “cautious” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price objective on Builders FirstSource from $134.00 to $131.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and set a $111.00 target price on shares of Builders FirstSource in a report on Friday, January 9th. Finally, BMO Capital Markets cut their price target on shares of Builders FirstSource from $130.00 to $123.00 in a report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.02.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.