Builders FirstSource, Inc. $BLDR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in Builders FirstSource, Inc. (NYSE:BLDR) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 309,102 shares of the company’s stock after selling 4,114 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Builders FirstSource worth $37,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MGO One Seven LLC purchased a new position in shares of Builders FirstSource in the 3rd quarter worth about $227,000. Oregon Public Employees Retirement Fund increased its position in Builders FirstSource by 33.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 12,672 shares of the company’s stock worth $1,536,000 after purchasing an additional 3,174 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in Builders FirstSource by 4.2% in the third quarter. Capital Investment Advisors LLC now owns 13,191 shares of the company’s stock valued at $1,599,000 after buying an additional 536 shares during the period. Nisa Investment Advisors LLC lifted its position in Builders FirstSource by 3.1% during the third quarter. Nisa Investment Advisors LLC now owns 6,029 shares of the company’s stock valued at $731,000 after buying an additional 182 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in Builders FirstSource by 14.7% during the third quarter. Benjamin Edwards Inc. now owns 15,934 shares of the company’s stock valued at $1,932,000 after buying an additional 2,046 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Builders FirstSource from $124.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, December 16th. Benchmark upped their price target on shares of Builders FirstSource from $138.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. UBS Group lowered their price target on Builders FirstSource from $166.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, January 6th. Stephens reduced their price objective on Builders FirstSource from $140.00 to $137.00 in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $111.00 target price on shares of Builders FirstSource in a research report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Builders FirstSource presently has a consensus rating of “Hold” and an average target price of $133.87.

Builders FirstSource Stock Performance

Shares of BLDR stock opened at $127.05 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.79 and a quick ratio of 1.15. The company’s fifty day moving average price is $108.20 and its two-hundred day moving average price is $121.97. The firm has a market capitalization of $14.05 billion, a P/E ratio of 24.20, a P/E/G ratio of 15.67 and a beta of 1.57. Builders FirstSource, Inc. has a 12 month low of $94.35 and a 12 month high of $175.12.

Builders FirstSource (NYSE:BLDR) last announced its earnings results on Thursday, October 30th. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.19. Builders FirstSource had a return on equity of 21.28% and a net margin of 3.79%.The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same period last year, the firm earned $3.07 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

About Builders FirstSource

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.