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

Daiwa Securities Group Inc. trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 9.1% in the 4th quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Builders FirstSource by 34.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock valued at $74,000 after purchasing an additional 134 shares during the period. Mountain Lake Investment Management LLC raised its holdings in shares of Builders FirstSource by 7.0% during the 4th quarter. Mountain Lake Investment Management LLC now owns 36,367 shares of the company’s stock valued at $5,201,000 after buying an additional 2,367 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Builders FirstSource by 14.9% in the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock valued at $28,084,000 after purchasing an additional 25,535 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the fourth quarter valued at about $27,089,000. Finally, Lecap Asset Management Ltd. lifted its position in Builders FirstSource by 82.6% in the fourth quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock valued at $3,151,000 after purchasing an additional 9,970 shares during the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

Builders FirstSource Price Performance

Shares of Builders FirstSource stock opened at $122.56 on Friday. The stock has a 50 day moving average of $150.72 and a 200 day moving average of $168.22. Builders FirstSource, Inc. has a 12 month low of $122.49 and a 12 month high of $214.70. The firm has a market cap of $13.93 billion, a PE ratio of 13.53, a PEG ratio of 0.80 and a beta of 2.19. The company has a current ratio of 1.77, a quick ratio of 1.16 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last issued its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, research analysts expect that Builders FirstSource, Inc. will post 11.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BLDR has been the subject of a number of recent analyst reports. Raymond James reaffirmed an “outperform” rating and set a $170.00 price target (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Stifel Nicolaus lowered their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Wedbush reiterated an “outperform” rating and issued a $230.00 price target on shares of Builders FirstSource in a research note on Wednesday, December 18th. Loop Capital lowered their target price on Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Barclays dropped their price target on shares of Builders FirstSource from $188.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Builders FirstSource has an average rating of “Moderate Buy” and an average target price of $190.72.

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.