Bank of New York Mellon Corp Sells 148,919 Shares of Builders FirstSource, Inc. (NYSE:BLDR)

Bank of New York Mellon Corp cut its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 933,331 shares of the company's stock after selling 148,919 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.82% of Builders FirstSource worth $116,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Builders FirstSource in the fourth quarter valued at $34,000. Proficio Capital Partners LLC lifted its stake in shares of Builders FirstSource by 9.4% in the fourth quarter. Proficio Capital Partners LLC now owns 4,547 shares of the company's stock valued at $650,000 after buying an additional 390 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Builders FirstSource in the fourth quarter valued at $34,540,000. Amundi lifted its stake in shares of Builders FirstSource by 36.0% in the fourth quarter. Amundi now owns 427,966 shares of the company's stock valued at $61,413,000 after buying an additional 113,333 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Builders FirstSource by 5,227.3% in the fourth quarter. AlphaQuest LLC now owns 586 shares of the company's stock valued at $84,000 after buying an additional 575 shares in the last quarter. 95.53% of the stock is owned by institutional investors.

Builders FirstSource Stock Performance

Shares of BLDR traded down $1.53 during trading hours on Friday, hitting $133.59. The company's stock had a trading volume of 683,300 shares, compared to its average volume of 1,929,969. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 8.47 and a beta of 1.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.82 and a quick ratio of 1.07. The business has a 50 day simple moving average of $115.34 and a two-hundred day simple moving average of $130.79. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.67 billion. Builders FirstSource had a net margin of 5.66% and a return on equity of 28.02%. The company's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $2.65 earnings per share. On average, equities analysts expect that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

Builders FirstSource declared that its board has approved a share repurchase plan on Thursday, May 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insider Activity

In other Builders FirstSource news, Director Dirkson R. Charles bought 5,000 shares of Builders FirstSource stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $109.67 per share, for a total transaction of $548,350.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul S. Levy bought 283,517 shares of Builders FirstSource stock in a transaction dated Thursday, May 8th. The stock was acquired at an average price of $111.21 per share, with a total value of $31,529,925.57. Following the purchase, the director directly owned 1,672,687 shares of the company's stock, valued at approximately $186,019,521.27. This represents a 20.41% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 505,000 shares of company stock valued at $56,032,120 in the last quarter. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wedbush lowered their target price on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, June 20th. Stifel Nicolaus lowered their target price on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating for the company in a report on Monday, May 5th. BMO Capital Markets lowered their target price on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating for the company in a report on Monday, May 5th. Raymond James Financial reiterated an "outperform" rating and issued a $140.00 target price (down previously from $170.00) on shares of Builders FirstSource in a report on Friday, May 2nd. Finally, Stephens lowered their target price on shares of Builders FirstSource from $145.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.42.

Builders FirstSource 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.