Builders FirstSource, Inc. $BLDR Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13,180.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 456,059 shares of the company’s stock after buying an additional 452,625 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Builders FirstSource were worth $26,000,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Clark Wealth Partners bought a new stake in shares of Builders FirstSource in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. boosted its holdings in Builders FirstSource by 508.5% in the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after purchasing an additional 300 shares during the period. Root Financial Partners LLC increased its stake in Builders FirstSource by 43.6% during the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. bought a new stake in Builders FirstSource during the third quarter valued at $34,000. Finally, Versant Capital Management Inc raised its holdings in shares of Builders FirstSource by 67.5% during the third quarter. Versant Capital Management Inc now owns 670 shares of the company’s stock worth $38,000 after purchasing an additional 270 shares during the period. Institutional investors own 95.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. DA Davidson set a $68.00 price target on shares of Builders FirstSource in a research report on Friday, July 31st. Truist Financial lowered their price objective on shares of Builders FirstSource from $90.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Royal Bank Of Canada dropped their price objective on shares of Builders FirstSource from $107.00 to $88.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. UBS Group set a $85.00 price objective on shares of Builders FirstSource in a research note on Thursday, October 1st. Finally, Melius Research started coverage on shares of Builders FirstSource in a report on Tuesday, October 6th. They issued a “sell” rating and a $52.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Builders FirstSource presently has an average rating of “Hold” and an average price target of $82.25.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $52.81 on Tuesday. Builders FirstSource, Inc. has a 1-year low of $49.67 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.79 and a quick ratio of 1.09. The business’s fifty day moving average price is $61.72 and its two-hundred day moving average price is $72.43. The firm has a market capitalization of $5.68 billion, a PE ratio of 12.31, a P/E/G ratio of 1.79 and a beta of 1.45.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Thursday, July 30th. The company reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.08). Builders FirstSource had a net margin of 0.71% and a return on equity of 11.73%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the business posted $2.38 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, research analysts expect that Builders FirstSource, Inc. will post 3.13 EPS for the current year.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier of building materials, manufactured components and construction services for professional homebuilders, remodelers and other construction customers in the United States. The company provides products used throughout the residential construction process, from structural framing to interior and exterior finishes.

Its offerings include lumber and engineered wood products, roof and floor trusses, wall panels, prefabricated components, windows, doors, millwork, cabinets, roofing, siding, insulation, gypsum and related hardware.