Sumitomo Mitsui Trust Holdings Inc. Cuts Holdings 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% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 367,961 shares of the company’s stock after selling 10,145 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Builders FirstSource worth $61,427,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of Builders FirstSource in the 1st quarter valued at $64,000. PNC Financial Services Group Inc. increased its holdings in Builders FirstSource by 37.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,329 shares of the company’s stock valued at $537,000 after buying an additional 2,249 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Builders FirstSource by 7.9% in the first quarter. Great West Life Assurance Co. Can now owns 105,236 shares of the company’s stock valued at $6,989,000 after buying an additional 7,745 shares in the last quarter. LSV Asset Management lifted its holdings in Builders FirstSource by 4.9% during the 1st quarter. LSV Asset Management now owns 143,900 shares of the company’s stock worth $9,287,000 after buying an additional 6,700 shares during the last quarter. Finally, Cibc World Market Inc. boosted its position in shares of Builders FirstSource by 106.0% during the 1st quarter. Cibc World Market Inc. now owns 8,339 shares of the company’s stock worth $538,000 after acquiring an additional 4,290 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Up 1.7 %

Shares of Builders FirstSource stock 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 company has a market cap of $22.25 billion, a P/E ratio of 15.22, a PEG ratio of 1.11 and a beta of 2.04. 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 fifty day moving average of $195.47 and a two-hundred day moving average of $162.39.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $3.55 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.01 billion. On average, analysts forecast that Builders FirstSource, Inc. will post 13.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BLDR shares. StockNews.com upgraded Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Oppenheimer upped their target price on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Royal Bank of Canada lifted their price target on shares of Builders FirstSource from $186.00 to $211.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Truist Financial upped their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a research note on Friday, February 23rd. Finally, Bank of America upgraded Builders FirstSource from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $153.00 to $200.00 in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.06.

Insider Activity

In other Builders FirstSource news, Director Cory Jacobs Boydston sold 7,759 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $200.00, for a total value of $1,551,800.00. Following the completion of 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

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.