Mackay Shields LLC Lowers Stock Position in Builders FirstSource, Inc. (NASDAQ:BLDR)

Mackay Shields LLC cut its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 19.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 224,000 shares of the company’s stock after selling 53,800 shares during the period. Mackay Shields LLC owned 0.19% of Builders FirstSource worth $4,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BLDR. HM Payson & Co. bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $34,000. Public Employees Retirement System of Ohio increased its position in shares of Builders FirstSource by 15.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after purchasing an additional 645 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of Builders FirstSource in the 3rd quarter worth about $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Builders FirstSource by 16.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,173 shares of the company’s stock worth $148,000 after purchasing an additional 994 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in shares of Builders FirstSource in the 2nd quarter worth about $167,000. 87.43% of the stock is owned by institutional investors.

In other news, COO David E. Rush sold 12,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $24.53, for a total transaction of $294,360.00. Following the transaction, the chief operating officer now owns 54,886 shares in the company, valued at approximately $1,346,353.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Several equities research analysts have recently weighed in on BLDR shares. BidaskClub raised shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 21st. SunTrust Banks boosted their target price on shares of Builders FirstSource to $24.00 in a research report on Monday, November 4th. ValuEngine raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. DA Davidson boosted their price objective on shares of Builders FirstSource to $21.00 and gave the company a “neutral” rating in a research report on Friday, October 18th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Builders FirstSource presently has an average rating of “Buy” and an average target price of $20.90.

Shares of NASDAQ:BLDR traded up $0.63 during trading on Friday, reaching $24.19. 1,612,900 shares of the company’s stock traded hands, compared to its average volume of 1,055,345. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.66 and a quick ratio of 0.96. The stock has a market capitalization of $2.76 billion, a P/E ratio of 12.73 and a beta of 1.88. Builders FirstSource, Inc. has a 12 month low of $10.15 and a 12 month high of $24.78. The company has a 50 day moving average of $21.83 and a 200-day moving average of $18.15.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Builders FirstSource had a net margin of 3.17% and a return on equity of 37.03%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. Equities research analysts predict that Builders FirstSource, Inc. will post 1.99 earnings per share for the current fiscal year.

Builders FirstSource Company Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. 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, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.

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

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