Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,425 shares of the company's stock after selling 14,560 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Builders FirstSource worth $41,796,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLDR. Strategic Financial Concepts LLC bought a new stake in shares of Builders FirstSource in the 4th quarter valued at about $12,625,000. Oakworth Capital Inc. raised its holdings in shares of Builders FirstSource by 0.6% in the 4th quarter. Oakworth Capital Inc. now owns 212,582 shares of the company's stock valued at $30,384,000 after purchasing an additional 1,323 shares in the last quarter. Choreo LLC raised its holdings in shares of Builders FirstSource by 28.4% in the 4th quarter. Choreo LLC now owns 4,332 shares of the company's stock valued at $621,000 after purchasing an additional 959 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Builders FirstSource by 24.7% in the 4th quarter. Tectonic Advisors LLC now owns 8,106 shares of the company's stock valued at $1,159,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Builders FirstSource by 30.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,852 shares of the company's stock valued at $1,573,000 after purchasing an additional 2,539 shares in the last quarter. Institutional investors own 95.53% of the company's stock.

Builders FirstSource Stock Performance

Shares of BLDR stock traded up $1.40 during trading hours on Friday, hitting $153.90. The company's stock had a trading volume of 1,468,590 shares, compared to its average volume of 1,521,250. The company has a 50 day moving average of $156.79 and a 200 day moving average of $171.00. The stock has a market cap of $17.71 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 0.89 and a beta of 2.12. The company has a current ratio of 1.77, a quick ratio of 1.16 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.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wedbush reaffirmed an "outperform" rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. UBS Group assumed coverage on shares of Builders FirstSource in a research report on Friday, October 25th. They set a "buy" rating and a $232.00 target price on the stock. Oppenheimer reissued an "outperform" rating and set a $225.00 target price on shares of Builders FirstSource in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on shares of Builders FirstSource from $178.00 to $187.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $175.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.