Bank of New York Mellon Corp Decreases Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bank of New York Mellon Corp cut its position in Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,082,250 shares of the company’s stock after selling 30,547 shares during the quarter. Bank of New York Mellon Corp owned 0.94% of Builders FirstSource worth $154,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mountaineer Partners Management LLC bought a new position in Builders FirstSource during the 3rd quarter valued at $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company’s stock valued at $1,969,259,000 after acquiring an additional 3,186,876 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Builders FirstSource by 20.7% during the 4th quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock valued at $237,753,000 after acquiring an additional 285,458 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 23.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock valued at $282,697,000 after acquiring an additional 277,897 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in Builders FirstSource during the 3rd quarter valued at $255,867,000. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BLDR shares. Royal Bank of Canada dropped their target price on shares of Builders FirstSource from $167.00 to $162.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Raymond James reissued an “outperform” rating and set a $170.00 target price (down from $180.00) on shares of Builders FirstSource in a report on Friday, February 21st. Wedbush reissued an “outperform” rating and set a $230.00 target price on shares of Builders FirstSource in a report on Wednesday, December 18th. Benchmark dropped their target price on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, DA Davidson increased their price objective on shares of Builders FirstSource from $169.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Five 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 company’s 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 Trading Down 0.1 %

NYSE:BLDR opened at $139.03 on Friday. Builders FirstSource, Inc. has a 12 month low of $130.75 and a 12 month high of $214.70. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.80 and a beta of 2.12. 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’s 50 day moving average is $153.05 and its 200-day moving average is $170.13.

Builders FirstSource (NYSE:BLDR) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.13. The business 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%. Equities analysts anticipate that Builders FirstSource, Inc. will post 11.59 EPS for the current 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.