Sumitomo Mitsui Trust Holdings Inc. Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 367,961 shares of the company’s stock after selling 10,145 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Builders FirstSource were worth $61,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Builders FirstSource during the 4th quarter valued at $28,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource during the third quarter worth about $30,000. BluePath Capital Management LLC acquired a new position in Builders FirstSource in the third quarter worth about $31,000. Raleigh Capital Management Inc. increased its holdings in Builders FirstSource by 134.0% in the third quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after buying an additional 142 shares during the last quarter. Finally, PSI Advisors LLC raised its stake in Builders FirstSource by 57.1% during the third quarter. PSI Advisors LLC now owns 275 shares of the company’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BLDR shares. Barclays boosted their price target on Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Jefferies Financial Group increased their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush lifted their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Bank of America upgraded shares of Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $153.00 to $200.00 in a research note on Monday, January 29th. Finally, Truist Financial lifted their target price on Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Builders FirstSource Price Performance

Shares of BLDR opened at $182.44 on Friday. Builders FirstSource, Inc. has a one year low of $90.10 and a one year high of $214.70. The stock’s fifty day moving average is $195.47 and its 200-day moving average is $162.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.11 and a current ratio of 1.77. The firm has a market capitalization of $22.25 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 1.11 and a beta of 2.04.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, February 22nd. The company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The firm had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Equities analysts anticipate that Builders FirstSource, Inc. will post 13.84 EPS for the current year.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of Builders FirstSource stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total value of $1,551,800.00. Following the transaction, the director now owns 28,738 shares in the company, valued at $5,747,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is owned by corporate insiders.

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.