Bank of New York Mellon Corp Increases Holdings in Builders FirstSource, Inc. (BLDR)

Bank of New York Mellon Corp boosted its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 734,169 shares of the company’s stock after purchasing an additional 32,670 shares during the period. Bank of New York Mellon Corp owned about 0.65% of Builders FirstSource worth $13,206,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Builders FirstSource in the second quarter worth about $114,000. Ameritas Investment Partners Inc. boosted its position in Builders FirstSource by 17.3% in the second quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock worth $130,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Builders FirstSource by 10,237.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after purchasing an additional 8,497 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Builders FirstSource in the third quarter worth about $147,000. Finally, Wilen Investment Management CORP. purchased a new position in Builders FirstSource in the second quarter worth about $150,000. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource, Inc. (BLDR) opened at $21.26 on Friday. Builders FirstSource, Inc. has a 12-month low of $10.56 and a 12-month high of $21.29. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86. The firm has a market capitalization of $2,311.91, a PE ratio of 27.97 and a beta of 2.15.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. sell-side analysts predict that Builders FirstSource, Inc. will post 1.06 earnings per share for the current year.

In other news, insider M Chad Crow sold 158,384 shares of Builders FirstSource stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $18.24, for a total transaction of $2,888,924.16. Following the transaction, the insider now directly owns 446,248 shares of the company’s stock, valued at approximately $8,139,563.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $18.16, for a total value of $3,027,526.24. Following the transaction, the senior vice president now directly owns 179,805 shares in the company, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 377,598 shares of company stock worth $6,950,025. Insiders own 14.60% of the company’s stock.

Several research analysts have issued reports on the company. ValuEngine cut Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised their target price on Builders FirstSource from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. SunTrust Banks reissued a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a research report on Friday, November 10th. Finally, Barclays raised their target price on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Builders FirstSource presently has an average rating of “Buy” and a consensus price target of $20.00.

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Builders FirstSource Profile

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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