Nomura Asset Management Co. Ltd. Sells 1,612 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,667 shares of the company’s stock after selling 1,612 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Builders FirstSource were worth $7,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Builders FirstSource during the 4th quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in Builders FirstSource during the 4th quarter worth $34,000. Avion Wealth boosted its holdings in Builders FirstSource by 728.6% during the fourth quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after acquiring an additional 306 shares during the period. Mather Group LLC. grew its position in shares of Builders FirstSource by 91.2% in the fourth quarter. Mather Group LLC. now owns 497 shares of the company’s stock valued at $71,000 after purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Builders FirstSource by 34.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 518 shares of the company’s stock worth $74,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank of Canada lowered their target price on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets decreased their price target on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research report on Monday, February 24th. Raymond James reaffirmed an “outperform” rating and set a $170.00 price objective (down previously from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Finally, 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 research report on Monday, February 24th. Five investment 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, the company presently has an average rating of “Moderate Buy” and an average target price of $190.72.

Builders FirstSource Price Performance

Builders FirstSource stock opened at $124.96 on Tuesday. The business’s fifty day moving average is $144.80 and its two-hundred day moving average is $164.17. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.16 and a current ratio of 1.77. The firm has a market cap of $14.20 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.80 and a beta of 2.19. Builders FirstSource, Inc. has a 52 week low of $119.65 and a 52 week high of $210.00.

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. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.90 billion. Equities research 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.