Resona Asset Management Co. Ltd. Buys New Shares in Builders FirstSource, Inc. (NYSE:BLDR)

Resona Asset Management Co. Ltd. purchased a new stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,813 shares of the company's stock, valued at approximately $5,273,000.

A number of other hedge funds have also recently bought and sold shares of BLDR. Diamond Hill Capital Management Inc. lifted its holdings in Builders FirstSource by 47.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 1,943,439 shares of the company's stock worth $277,776,000 after acquiring an additional 623,583 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company's stock worth $237,753,000 after acquiring an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Builders FirstSource by 8.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,578,655 shares of the company's stock valued at $225,637,000 after purchasing an additional 120,400 shares during the last quarter. Norges Bank acquired a new position in Builders FirstSource during the fourth quarter worth $199,890,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Builders FirstSource by 7.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 976,125 shares of the company's stock valued at $139,518,000 after acquiring an additional 71,525 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. Truist Financial cut their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Stifel Nicolaus decreased their target price on Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a report on Monday, February 24th. BMO Capital Markets cut their price objective on shares of Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research report on Monday, February 24th. Royal Bank of Canada reduced their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. Finally, Raymond James reiterated an "outperform" rating and issued a $170.00 price target (down from $180.00) on shares of Builders FirstSource in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $187.89.

Builders FirstSource Trading Down 0.2 %

Shares of NYSE BLDR traded down $0.26 during trading on Monday, reaching $120.64. The company had a trading volume of 228,377 shares, compared to its average volume of 1,676,562. The company's fifty day moving average price is $134.62 and its 200-day moving average price is $158.87. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12 month low of $110.84 and a 12 month high of $203.14. The stock has a market cap of $13.72 billion, a P/E ratio of 13.32, a PEG ratio of 0.80 and a beta of 1.99.

Builders FirstSource (NYSE:BLDR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $2.18 by $0.13. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $3.90 billion. As a group, research analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource Company 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.