Bank of New York Mellon Corp Reduces Position in Builders FirstSource, Inc. (BLDR)

Bank of New York Mellon Corp reduced its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 714,972 shares of the company’s stock after selling 19,197 shares during the period. Bank of New York Mellon Corp owned about 0.63% of Builders FirstSource worth $15,579,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $110,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Builders FirstSource by 58.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after acquiring an additional 2,766 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $147,000. Meeder Asset Management Inc. raised its position in shares of Builders FirstSource by 372.6% during the 4th quarter. Meeder Asset Management Inc. now owns 11,040 shares of the company’s stock valued at $240,000 after acquiring an additional 8,704 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Builders FirstSource during the 3rd quarter valued at approximately $204,000. 97.95% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Floyd F. Sherman sold 100,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $21.24, for a total value of $2,124,000.00. Following the completion of the transaction, the director now owns 481,834 shares of the company’s stock, valued at $10,234,154.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donald F. Mcaleenan sold 194,043 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the transaction, the senior vice president now directly owns 442,148 shares of the company’s stock, valued at approximately $9,576,925.68. The disclosure for this sale can be found here. In the last three months, insiders sold 409,650 shares of company stock valued at $8,790,722. Company insiders own 14.60% of the company’s stock.

Several equities research analysts have weighed in on the company. Barclays set a $21.00 target price on Builders FirstSource and gave the stock a “hold” rating in a research report on Sunday, January 7th. Wedbush set a $30.00 target price on Builders FirstSource and gave the stock an “outperform” rating in a research report on Friday, January 12th. Stifel Nicolaus increased their target price on Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Stephens reaffirmed a “buy” rating and issued a $27.00 target price on shares of Builders FirstSource in a research report on Wednesday, January 17th. Finally, BidaskClub lowered Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.41.

Shares of Builders FirstSource, Inc. (NASDAQ BLDR) opened at $19.88 on Monday. Builders FirstSource, Inc. has a 52-week low of $13.33 and a 52-week high of $23.28. The company has a quick ratio of 0.99, a current ratio of 1.75 and a debt-to-equity ratio of 4.71. The firm has a market capitalization of $2,268.71, a price-to-earnings ratio of 62.13 and a beta of 2.05.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. equities analysts anticipate that Builders FirstSource, Inc. will post 1.79 EPS for the current fiscal year.

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About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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