Builders FirstSource, Inc. $BLDR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 13.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,993 shares of the company’s stock after selling 32,417 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Builders FirstSource were worth $17,289,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its stake in shares of Builders FirstSource by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 17,630 shares of the company’s stock worth $2,057,000 after purchasing an additional 78 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Builders FirstSource by 2.0% during the fourth quarter. New Mexico Educational Retirement Board now owns 5,100 shares of the company’s stock valued at $525,000 after purchasing an additional 100 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Builders FirstSource by 1.5% in the fourth quarter. Moors & Cabot Inc. now owns 7,388 shares of the company’s stock worth $760,000 after purchasing an additional 109 shares during the period. Root Financial Partners LLC lifted its holdings in Builders FirstSource by 43.6% in the first quarter. Root Financial Partners LLC now owns 372 shares of the company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Builders FirstSource by 5.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,272 shares of the company’s stock valued at $275,000 after buying an additional 126 shares in the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent analyst reports. KeyCorp dropped their price target on shares of Builders FirstSource from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday. Zacks Research upgraded shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a report on Friday, July 3rd. Jefferies Financial Group lowered their price objective on shares of Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft dropped their target price on Builders FirstSource from $102.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, DA Davidson cut their target price on Builders FirstSource from $111.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.45.

Builders FirstSource Stock Performance

NYSE:BLDR opened at $75.17 on Wednesday. Builders FirstSource, Inc. has a twelve month low of $65.10 and a twelve month high of $151.03. The company has a current ratio of 1.76, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $77.41 and a 200-day moving average of $92.96. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.74 and a beta of 1.42.

Builders FirstSource (NYSE:BLDR) last released its earnings results on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). Builders FirstSource had a return on equity of 14.89% and a net margin of 1.97%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. Analysts forecast that Builders FirstSource, Inc. will post 4.32 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has initiated a stock buyback plan on Thursday, April 30th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 5.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.