Sumitomo Mitsui DS Asset Management Company Ltd Purchases 1,688 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Builders FirstSource, Inc. (NYSE:BLDR) by 16.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,105 shares of the company’s stock after buying an additional 1,688 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Builders FirstSource were worth $2,021,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BLDR. Contravisory Investment Management Inc. bought a new position in Builders FirstSource in the 4th quarter worth $28,000. Rakuten Securities Inc. bought a new position in shares of Builders FirstSource during the 4th quarter valued at about $29,000. Rock Creek Group LP bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $30,000. BluePath Capital Management LLC bought a new position in shares of Builders FirstSource during the 3rd quarter valued at about $31,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Builders FirstSource by 134.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 248 shares of the company’s stock valued at $31,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of several research reports. Bank of America raised shares of Builders FirstSource from a “neutral” rating to a “buy” rating and increased their price objective for the company from $153.00 to $200.00 in a report on Monday, January 29th. Oppenheimer increased their price objective on shares of Builders FirstSource from $220.00 to $242.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Barclays increased their price objective on shares of Builders FirstSource from $235.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Truist Financial increased their price objective on shares of Builders FirstSource from $185.00 to $190.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Finally, Wedbush upped their target price on shares of Builders FirstSource from $175.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $190.06.

Insider Transactions at Builders FirstSource

In other news, Director Cory Jacobs Boydston sold 7,759 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $200.00, for a total transaction of $1,551,800.00. Following the transaction, the director now directly owns 28,738 shares of the company’s stock, valued at $5,747,600. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $186.68 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.11. Builders FirstSource, Inc. has a 1-year low of $90.10 and a 1-year high of $214.70. The firm has a market capitalization of $22.76 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.09 and a beta of 2.04. The company’s 50-day moving average is $195.22 and its 200 day moving average is $164.28.

Builders FirstSource (NYSE:BLDR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.85. Builders FirstSource had a net margin of 9.01% and a return on equity of 41.10%. The company had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.01 billion. Research analysts forecast that Builders FirstSource, Inc. will post 13.83 EPS for the current year.

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.