Builders FirstSource, Inc. (NYSE:BLDR) Stock Position Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4.7% in the 4th quarter, HoldingsChannel reports. The fund owned 292,425 shares of the company’s stock after selling 14,560 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Builders FirstSource were worth $41,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BLDR. Cyndeo Wealth Partners LLC boosted its position in shares of Builders FirstSource by 3.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,571 shares of the company’s stock valued at $305,000 after purchasing an additional 56 shares in the last quarter. World Equity Group Inc. boosted its stake in shares of Builders FirstSource by 4.1% during the 3rd quarter. World Equity Group Inc. now owns 1,632 shares of the company’s stock valued at $316,000 after buying an additional 64 shares during the period. HighTower Advisors LLC grew its stake in Builders FirstSource by 0.3% in the third quarter. HighTower Advisors LLC now owns 22,100 shares of the company’s stock valued at $4,296,000 after purchasing an additional 64 shares in the last quarter. Integrated Investment Consultants LLC raised its position in Builders FirstSource by 0.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 15,008 shares of the company’s stock valued at $2,145,000 after acquiring an additional 65 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Builders FirstSource by 14.6% during the 3rd quarter. Private Trust Co. NA now owns 642 shares of the company’s stock worth $124,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 95.53% of the company’s stock.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $155.88 on Tuesday. The stock has a 50-day simple moving average of $158.78 and a 200 day simple moving average of $171.45. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 0.89 and a beta of 2.12. 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.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BLDR. StockNews.com lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Wedbush reiterated an “outperform” rating and issued a $230.00 target price on shares of Builders FirstSource in a research note on Wednesday, December 18th. Stephens boosted their price target on Builders FirstSource from $178.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Finally, Raymond James initiated coverage on shares of Builders FirstSource in a report on Friday, January 17th. They issued an “outperform” rating and a $180.00 price target on the stock. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Builders FirstSource currently has an average 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.