Mitsubishi UFJ Trust & Banking Corp Lowers Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,179 shares of the company’s stock after selling 5,969 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.21% of Builders FirstSource worth $51,626,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BLDR. Picton Mahoney Asset Management raised its position in shares of Builders FirstSource by 2.3% in the 1st quarter. Picton Mahoney Asset Management now owns 93,204 shares of the company’s stock worth $19,438,000 after acquiring an additional 2,071 shares in the last quarter. Scout Investments Inc. grew its stake in Builders FirstSource by 10.0% in the first quarter. Scout Investments Inc. now owns 125,206 shares of the company’s stock valued at $25,719,000 after purchasing an additional 11,388 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Builders FirstSource by 19.5% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 144,404 shares of the company’s stock valued at $30,115,000 after buying an additional 23,562 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Builders FirstSource in the 1st quarter valued at about $1,136,000. Finally, Edmond DE Rothschild Holding S.A. grew its position in shares of Builders FirstSource by 38.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 511 shares of the company’s stock worth $107,000 after buying an additional 141 shares during the last quarter. Institutional investors own 95.53% of the company’s stock.

Insiders Place Their Bets

In related news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $170.11, for a total value of $1,551,062.98. Following the completion of the sale, the insider now owns 22,667 shares of the company’s stock, valued at $3,855,883.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Paul M. Mccrobie sold 9,118 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $170.11, for a total value of $1,551,062.98. Following the transaction, the insider now directly owns 22,667 shares in the company, valued at $3,855,883.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Hiller sold 4,875 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $159.25, for a total value of $776,343.75. Following the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $4,794,380.50. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

BLDR has been the subject of a number of analyst reports. Bank of America decreased their target price on shares of Builders FirstSource from $195.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Wedbush lowered their price objective on Builders FirstSource from $215.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Barclays reduced their target price on Builders FirstSource from $200.00 to $188.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Jefferies Financial Group raised their price target on Builders FirstSource from $226.00 to $237.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Zelman & Associates restated a “hold” rating on shares of Builders FirstSource in a report on Monday, June 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Builders FirstSource has an average rating of “Moderate Buy” and a consensus target price of $191.67.

Builders FirstSource Stock Performance

Shares of NYSE BLDR traded down $0.94 during trading on Friday, reaching $158.00. 1,135,939 shares of the company traded hands, compared to its average volume of 2,108,682. The stock has a market cap of $19.29 billion, a P/E ratio of 13.53, a PEG ratio of 2.54 and a beta of 2.04. The company has a current ratio of 2.21, a quick ratio of 1.45 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $151.47 and its 200 day simple moving average is $173.81. Builders FirstSource, Inc. has a 12-month low of $105.24 and a 12-month high of $214.70.

Builders FirstSource (NYSE:BLDR) last posted its earnings results on Tuesday, May 7th. The company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.23. Builders FirstSource had a net margin of 8.57% and a return on equity of 38.66%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.83 billion. During the same period in the prior year, the company posted $2.96 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Builders FirstSource, Inc. will post 12.93 earnings per share for the current fiscal year.

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.