Nissay Asset Management Corp Japan ADV Lowers Stock Holdings in Builders FirstSource, Inc. (NYSE:BLDR)

Nissay Asset Management Corp Japan ADV trimmed its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,234 shares of the company’s stock after selling 734 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Builders FirstSource were worth $2,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in shares of Builders FirstSource by 34.9% in the 4th 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. Mountain Lake Investment Management LLC raised its stake 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 worth $5,201,000 after acquiring an additional 2,367 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Builders FirstSource by 14.9% during the 4th quarter. Fisher Asset Management LLC now owns 196,491 shares of the company’s stock worth $28,084,000 after acquiring an additional 25,535 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Builders FirstSource during the 4th quarter worth approximately $27,089,000. Finally, Lecap Asset Management Ltd. raised its stake in shares of Builders FirstSource by 82.6% during the 4th quarter. Lecap Asset Management Ltd. now owns 22,043 shares of the company’s stock worth $3,151,000 after acquiring an additional 9,970 shares in the last quarter. 95.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BLDR. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research note on Friday, May 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $132.00 price objective on shares of Builders FirstSource in a research note on Thursday. Raymond James reiterated an “outperform” rating and set a $140.00 price objective (down previously from $170.00) on shares of Builders FirstSource in a research note on Friday, May 2nd. BMO Capital Markets cut their price target on shares of Builders FirstSource from $146.00 to $135.00 and set a “market perform” rating on the stock in a research note on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Builders FirstSource in a research note on Tuesday, April 1st. They set a “buy” rating and a $151.00 price target on the stock. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.58.

Builders FirstSource Stock Up 2.2%

BLDR stock opened at $120.57 on Friday. The firm’s fifty day simple moving average is $120.65 and its 200-day simple moving average is $146.38. The company has a market capitalization of $13.33 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 0.80 and a beta of 1.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. Builders FirstSource, Inc. has a 12 month low of $103.81 and a 12 month high of $203.14.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.50 by $0.01. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.65 EPS. As a group, equities research analysts forecast that Builders FirstSource, Inc. will post 11.59 earnings per share for the current year.

Builders FirstSource announced that its Board of Directors has initiated a share buyback program on Thursday, May 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.