Sumitomo Mitsui Trust Group Inc. Sells 66,692 Shares of Builders FirstSource, Inc. $BLDR

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 21.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 242,410 shares of the company’s stock after selling 66,692 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Builders FirstSource were worth $24,942,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BLDR. Cromwell Holdings LLC lifted its position in Builders FirstSource by 1,323.5% in the 4th quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after acquiring an additional 225 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Builders FirstSource by 167.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 132 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in Builders FirstSource in the 3rd quarter valued at about $34,000. CYBER HORNET ETFs LLC bought a new position in Builders FirstSource in the 2nd quarter valued at about $38,000. Finally, MUFG Securities EMEA plc bought a new position in Builders FirstSource in the 2nd quarter valued at about $38,000. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $84.00 on Friday. Builders FirstSource, Inc. has a 52 week low of $76.50 and a 52 week high of $151.03. The company’s 50 day moving average price is $95.50 and its two-hundred day moving average price is $107.67. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.29 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.12 and a beta of 1.63.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, February 17th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.18). Builders FirstSource had a return on equity of 17.89% and a net margin of 2.87%.The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period in the prior year, the business earned $2.31 EPS. Builders FirstSource’s quarterly revenue was down 12.1% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark dropped their price target on shares of Builders FirstSource from $142.00 to $138.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Robert W. Baird dropped their target price on shares of Builders FirstSource from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. William Blair assumed coverage on shares of Builders FirstSource in a research report on Thursday, February 26th. They set an “outperform” rating on the stock. Finally, DA Davidson dropped their target price on shares of Builders FirstSource from $115.00 to $111.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $121.39.

Insider Activity at Builders FirstSource

In related news, Director Paul S. Levy purchased 50,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $87.73 per share, with a total value of $4,386,500.00. Following the acquisition, the director owned 1,727,191 shares of the company’s stock, valued at $151,526,466.43. This trade represents a 2.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

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.