Builders FirstSource, Inc. $BLDR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Builders FirstSource, Inc. (NYSE:BLDR) by 11.0% during the 4th quarter, Holdings Channel reports. The firm owned 680,757 shares of the company’s stock after selling 83,817 shares during the quarter. Bank of New York Mellon Corp’s holdings in Builders FirstSource were worth $70,043,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cromwell Holdings LLC grew its holdings in Builders FirstSource by 1,323.5% in the fourth quarter. Cromwell Holdings LLC now owns 242 shares of the company’s stock valued at $25,000 after purchasing an additional 225 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Builders FirstSource by 167.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 211 shares of the company’s stock worth $26,000 after buying an additional 132 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Builders FirstSource during the second quarter worth approximately $38,000. MUFG Securities EMEA plc purchased a new position in Builders FirstSource during the second quarter worth approximately $38,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Builders FirstSource in the fourth quarter valued at $40,000. 95.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Paul S. Levy bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $87.73 per share, with a total value of $4,386,500.00. Following the transaction, the director directly owned 1,727,191 shares in the company, valued at $151,526,466.43. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.

Builders FirstSource Trading Up 6.1%

BLDR opened at $77.55 on Wednesday. Builders FirstSource, Inc. has a one year low of $65.10 and a one year high of $151.03. The company has a market cap of $8.34 billion, a P/E ratio of 29.71, a PEG ratio of 1.75 and a beta of 1.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.09 and a current ratio of 1.76. The business’s 50-day simple moving average is $79.50 and its 200-day simple moving average is $97.63.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.12). The business had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Builders FirstSource had a net margin of 1.97% and a return on equity of 14.89%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS. As a group, equities research analysts expect that Builders FirstSource, Inc. will post 4.26 EPS for the current fiscal year.

Builders FirstSource announced that its board has authorized a share repurchase program on Thursday, April 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BLDR has been the topic of several recent analyst reports. Jefferies Financial Group decreased their price target on Builders FirstSource from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Monday, May 4th. Zacks Research downgraded Builders FirstSource from a “hold” rating to a “strong sell” rating in a report on Friday, May 1st. Barclays cut their price objective on Builders FirstSource from $114.00 to $93.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Stephens decreased their price target on shares of Builders FirstSource from $125.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, April 27th. Finally, Loop Capital decreased their price target on shares of Builders FirstSource from $140.00 to $110.00 in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.88.

Builders FirstSource Profile

Builders FirstSource, Inc is a leading supplier of structural and value-added building products and services to professional contractors, homebuilders and remodelers. The company provides a comprehensive range of materials and prefabricated components that support all phases of residential construction, from site development and framing to finishing and installation.

The company’s core offerings include lumber and lumber sheet goods, windows and doors, millwork, roofing and siding, and engineered wood products such as roof and floor trusses.