Sumitomo Mitsui Trust Group Inc. Increases Stake in Builders FirstSource, Inc. $BLDR

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 7.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 313,216 shares of the company’s stock after buying an additional 22,413 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of Builders FirstSource worth $36,549,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR raised its holdings in Builders FirstSource by 3.1% in the second quarter. Stephens Inc. AR now owns 3,032 shares of the company’s stock valued at $354,000 after buying an additional 90 shares during the period. Auxano Advisors LLC raised its holdings in Builders FirstSource by 3.8% in the first quarter. Auxano Advisors LLC now owns 2,479 shares of the company’s stock valued at $310,000 after buying an additional 91 shares during the period. Mather Group LLC. raised its holdings in Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company’s stock valued at $74,000 after buying an additional 98 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in Builders FirstSource by 8.8% in the first quarter. Deseret Mutual Benefit Administrators now owns 1,222 shares of the company’s stock valued at $153,000 after buying an additional 99 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Builders FirstSource by 21.0% in the first quarter. Smartleaf Asset Management LLC now owns 627 shares of the company’s stock valued at $78,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Vertical Research assumed coverage on shares of Builders FirstSource in a research report on Monday, October 20th. They issued a “sell” rating and a $109.41 price objective for the company. DA Davidson lowered their price objective on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Oppenheimer set a $155.00 price objective on shares of Builders FirstSource and gave the company an “outperform” rating in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Builders FirstSource in a research report on Wednesday, October 8th. Finally, Robert W. Baird downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $145.00 to $130.00 in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.19.

Builders FirstSource Stock Performance

BLDR stock opened at $119.50 on Wednesday. Builders FirstSource, Inc. has a 1 year low of $102.60 and a 1 year high of $194.36. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 13.79 and a beta of 1.62. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.08 and a current ratio of 1.79. The stock’s fifty day moving average is $130.71 and its two-hundred day moving average is $124.23.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings results on Thursday, July 31st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.29 billion. Builders FirstSource had a net margin of 4.74% and a return on equity of 24.61%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 earnings per share. Builders FirstSource has set its FY 2025 guidance at EPS. On average, research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

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.