36,813 Shares in Builders FirstSource, Inc. (NYSE:BLDR) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in Builders FirstSource, Inc. (NYSE:BLDR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 36,813 shares of the company’s stock, valued at approximately $5,273,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Builders FirstSource during the fourth quarter worth about $199,890,000. Proficio Capital Partners LLC boosted its position in Builders FirstSource by 15,533.9% during the 4th quarter. Proficio Capital Partners LLC now owns 649,903 shares of the company’s stock worth $92,891,000 after acquiring an additional 645,746 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Builders FirstSource by 47.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company’s stock worth $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after acquiring an additional 285,458 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at approximately $34,540,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $113.66 on Wednesday. The stock has a 50 day simple moving average of $138.15 and a 200 day simple moving average of $160.84. The stock has a market cap of $12.91 billion, a P/E ratio of 12.54, a PEG ratio of 0.80 and a beta of 1.99. Builders FirstSource, Inc. has a 1-year low of $111.16 and a 1-year high of $203.14. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. Research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Nicolaus lowered their target price on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Benchmark lowered their price target on Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Loop Capital cut their price objective on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.89.

About Builders FirstSource

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.