Daiwa Securities Group Inc. Sells 2,180 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Daiwa Securities Group Inc. lowered its holdings in Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,758 shares of the company's stock after selling 2,180 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Builders FirstSource were worth $3,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of Builders FirstSource during the 3rd quarter worth about $28,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of Builders FirstSource during the fourth quarter valued at approximately $34,000. Brown Brothers Harriman & Co. bought a new stake in shares of Builders FirstSource during the third quarter worth $46,000. Finally, Avion Wealth lifted its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company's stock valued at $49,000 after purchasing an additional 306 shares during the period. Institutional investors own 95.53% of the company's stock.

Wall Street Analysts Forecast Growth

BLDR has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research note on Monday, February 24th. Wedbush restated an "outperform" rating and set a $230.00 price objective on shares of Builders FirstSource in a research note on Wednesday, December 18th. StockNews.com downgraded Builders FirstSource from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Benchmark reduced their price objective on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, Stifel Nicolaus decreased their price target on shares of Builders FirstSource from $175.00 to $156.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $190.72.

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Builders FirstSource Stock Performance

Shares of Builders FirstSource stock opened at $122.56 on Friday. The firm has a market capitalization of $13.93 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a fifty-two week low of $122.49 and a fifty-two week high of $214.70. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The company's 50 day moving average price is $150.72 and its two-hundred day moving average price is $168.22.

Builders FirstSource (NYSE:BLDR - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, equities analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal 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.

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