Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 292,425 shares of the company’s stock after selling 14,560 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Builders FirstSource worth $41,796,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BLDR. Miracle Mile Advisors LLC acquired a new stake in shares of Builders FirstSource during the fourth quarter worth about $405,000. JPMorgan Chase & Co. increased its position in Builders FirstSource by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 793,182 shares of the company’s stock worth $153,766,000 after buying an additional 58,436 shares during the period. Oak Thistle LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at approximately $1,136,000. Forsta AP Fonden boosted its holdings in shares of Builders FirstSource by 12.1% in the third quarter. Forsta AP Fonden now owns 26,800 shares of the company’s stock valued at $5,195,000 after acquiring an additional 2,900 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Builders FirstSource by 38.5% during the third quarter. Principal Financial Group Inc. now owns 201,306 shares of the company’s stock worth $39,025,000 after acquiring an additional 56,009 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Price Performance

NYSE BLDR opened at $155.88 on Tuesday. The company has a 50-day moving average price of $158.78 and a two-hundred day moving average price of $171.45. Builders FirstSource, Inc. has a 52 week low of $130.75 and a 52 week high of $214.70. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

Analyst Ratings Changes

A number of research firms have commented on BLDR. Wedbush restated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. Raymond James initiated coverage on Builders FirstSource in a research report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Robert W. Baird increased 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. Stephens boosted their target price on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price objective on shares of Builders FirstSource in a research report on Tuesday, October 29th. Four 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.71.

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.