Mitsubishi UFJ Asset Management Co. Ltd. Sells 1,090 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 178,378 shares of the company’s stock after selling 1,090 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Builders FirstSource were worth $25,692,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BLDR. Brooklyn Investment Group purchased a new position in Builders FirstSource in the 3rd quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in Builders FirstSource during the 4th quarter valued at $34,000. Avion Wealth boosted its position in Builders FirstSource by 728.6% during the 4th quarter. Avion Wealth now owns 348 shares of the company’s stock valued at $49,000 after buying an additional 306 shares during the period. Finally, Mather Group LLC. increased 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 acquiring an additional 237 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BLDR shares. Truist Financial dropped their target price on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 21st. Wedbush reiterated an “outperform” rating and issued a $230.00 price objective on shares of Builders FirstSource in a research report on Wednesday, December 18th. BMO Capital Markets decreased their target price on Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating for the company in a report on Monday, February 24th. Royal Bank of Canada dropped their price target on Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Five equities 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $124.53 on Monday. Builders FirstSource, Inc. has a twelve month low of $122.49 and a twelve month high of $210.00. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $14.15 billion, a P/E ratio of 13.75, a PEG ratio of 0.80 and a beta of 2.19. The stock’s 50 day moving average is $145.58 and its 200 day moving average is $164.53.

Builders FirstSource (NYSE:BLDR) last released its earnings results 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 return on equity of 30.54% and a net margin of 6.57%. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.90 billion. On average, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource Company 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.