Sumitomo Mitsui DS Asset Management Company Ltd Grows Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Builders FirstSource, Inc. (NYSE:BLDR) by 16.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,105 shares of the company’s stock after purchasing an additional 1,688 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Builders FirstSource were worth $2,021,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $28,000. Rakuten Securities Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter valued at about $29,000. Rock Creek Group LP acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $30,000. BluePath Capital Management LLC acquired a new stake in shares of Builders FirstSource in the third quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. grew its position in shares of 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 purchasing an additional 142 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analysts Set New Price Targets

BLDR has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on shares of Builders FirstSource from $226.00 to $237.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Royal Bank of Canada boosted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Builders FirstSource in a research report on Thursday, March 28th. Oppenheimer boosted their price target on shares of Builders FirstSource from $220.00 to $242.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, Wedbush boosted their price target on shares of Builders FirstSource from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.06.

Insider Activity

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the business’s 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 sale, the director now directly owns 28,738 shares of the company’s stock, valued at approximately $5,747,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $186.68 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. The firm has a market capitalization of $22.76 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.09 and a beta of 2.04. The company’s 50-day moving average is $195.22 and its two-hundred day moving average is $164.28. Builders FirstSource, Inc. has a 1-year low of $90.10 and a 1-year high of $214.70.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.85. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.01 billion. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. Analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

Builders FirstSource 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.