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

Nomura Asset Management Co. Ltd. trimmed its holdings in shares of Builders FirstSource, Inc. (NYSE:BLDR) by 2.9% in the fourth quarter, HoldingsChannel reports. The institutional investor 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 large investors have also bought and sold shares of the company. D.A. Davidson & CO. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at $278,000. Townsquare Capital LLC increased its holdings in Builders FirstSource by 11.9% in the third quarter. Townsquare Capital LLC now owns 3,701 shares of the company’s stock valued at $718,000 after purchasing an additional 394 shares during the last quarter. Captrust Financial Advisors lifted its stake in Builders FirstSource by 23.7% in the third quarter. Captrust Financial Advisors now owns 28,682 shares of the company’s stock valued at $5,560,000 after buying an additional 5,489 shares during the period. Edgestream Partners L.P. bought a new position in Builders FirstSource during the third quarter worth about $1,140,000. Finally, Paloma Partners Management Co grew its position in shares of Builders FirstSource by 1,055.5% during the 3rd quarter. Paloma Partners Management Co now owns 15,499 shares of the company’s stock worth $3,005,000 after buying an additional 17,121 shares during the period. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource Price Performance

Shares of NYSE BLDR opened at $124.96 on Tuesday. Builders FirstSource, Inc. has a twelve month low of $119.65 and a twelve month high of $210.00. The company has a market cap of $14.20 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.80 and a beta of 2.19. The business’s 50 day moving average price is $144.80 and its two-hundred day moving average price is $164.17. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.18 by $0.13. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. On average, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BLDR shares. The Goldman Sachs Group reduced their price objective on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Loop Capital decreased their price target on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating for the company in a report on Monday, February 24th. Stifel Nicolaus dropped their price objective on Builders FirstSource from $175.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. 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 research note on Monday, February 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $170.00 price objective (down from $180.00) on shares of Builders FirstSource in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.