Sumitomo Mitsui DS Asset Management Company Ltd Has $1.77 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 1.6% in the 4th quarter, HoldingsChannel reports. The fund owned 12,384 shares of the company’s stock after purchasing an additional 199 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Builders FirstSource were worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in shares of Builders FirstSource during the third quarter worth approximately $1,471,000. Mather Group LLC. increased its position in Builders FirstSource by 340.7% during the 3rd quarter. Mather Group LLC. now owns 260 shares of the company’s stock worth $50,000 after buying an additional 201 shares during the period. CWM LLC increased its position in Builders FirstSource by 100.2% during the 3rd quarter. CWM LLC now owns 6,287 shares of the company’s stock worth $1,219,000 after buying an additional 3,146 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Builders FirstSource by 256.6% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,102 shares of the company’s stock worth $214,000 after buying an additional 793 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Builders FirstSource by 6.1% in the third quarter. Gateway Investment Advisers LLC now owns 3,109 shares of the company’s stock valued at $603,000 after acquiring an additional 180 shares during the period. Institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of NYSE:BLDR opened at $155.88 on Tuesday. Builders FirstSource, Inc. has a one year low of $130.75 and a one year high of $214.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.77 and a quick ratio of 1.16. The company has a market cap of $17.94 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.89 and a beta of 2.12. The firm has a 50 day simple moving average of $158.78 and a 200 day simple moving average of $171.45.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 price objective on shares of Builders FirstSource in a research note on Wednesday, January 8th. Stephens raised their target price on shares of Builders FirstSource from $178.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com cut Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Builders FirstSource in a research note on Tuesday, October 29th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and an average 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.