Sumitomo Mitsui DS Asset Management Company Ltd Purchases 199 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,384 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Builders FirstSource were worth $1,770,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource in the third quarter valued at approximately $2,099,877,000. FMR LLC lifted its position in Builders FirstSource by 45.7% in the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Builders FirstSource by 23.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after acquiring an additional 277,897 shares in the last quarter. Baillie Gifford & Co. acquired a new position in Builders FirstSource in the 3rd quarter worth $267,132,000. Finally, Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter worth about $255,867,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Stock Performance

BLDR opened at $155.88 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.83. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The business has a 50 day moving average of $158.78 and a 200-day moving average of $171.45. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.89 and a beta of 2.12.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BLDR. Robert W. Baird upped their price objective on Builders FirstSource from $190.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Stephens boosted their price objective on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Raymond James started coverage on shares of Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 target price for the company. Finally, UBS Group began coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a “buy” rating and a $232.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

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.