Builders FirstSource, Inc. (NYSE:BLDR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 933,331 shares of the company's stock after selling 148,919 shares during the quarter. Bank of New York Mellon Corp owned 0.82% of Builders FirstSource worth $116,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Builders FirstSource by 3.4% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,943 shares of the company's stock valued at $278,000 after purchasing an additional 64 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Builders FirstSource by 5.2% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,677 shares of the company's stock valued at $262,000 after purchasing an additional 83 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Builders FirstSource by 6.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,494 shares of the company's stock valued at $214,000 after purchasing an additional 85 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Builders FirstSource by 2.3% in the fourth quarter. Baird Financial Group Inc. now owns 4,391 shares of the company's stock valued at $628,000 after purchasing an additional 98 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Builders FirstSource by 19.7% in the first quarter. Mather Group LLC. now owns 595 shares of the company's stock valued at $74,000 after purchasing an additional 98 shares in the last quarter. 95.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Builders FirstSource

In other Builders FirstSource news, Director Dirkson R. Charles acquired 5,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $109.67 per share, with a total value of $548,350.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company's stock, valued at approximately $548,350. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul S. Levy acquired 283,517 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $111.21 per share, with a total value of $31,529,925.57. Following the transaction, 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 three months. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on BLDR shares. Stifel Nicolaus reduced their price target on shares of Builders FirstSource from $125.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Robert W. Baird set a $130.00 price objective on shares of Builders FirstSource in a research note on Friday, May 2nd. UBS Group reduced their price objective on shares of Builders FirstSource from $180.00 to $163.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wedbush reduced their price objective on shares of Builders FirstSource from $190.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, June 20th. Finally, BMO Capital Markets reduced their price objective on shares of Builders FirstSource from $146.00 to $135.00 and set a "market perform" rating on the stock in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Builders FirstSource currently has a consensus rating of "Moderate Buy" and an average price target of $159.42.

Builders FirstSource Trading Down 1.3%

NYSE:BLDR traded down $1.73 during trading hours on Friday, reaching $133.39. 1,602,443 shares of the company were exchanged, compared to its average volume of 1,719,060. 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 firm has a market cap of $14.74 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 8.49 and a beta of 1.69. Builders FirstSource, Inc. has a 52-week low of $102.60 and a 52-week high of $203.14. The stock has a 50 day simple moving average of $115.73 and a 200 day simple moving average of $130.44.

Builders FirstSource (NYSE:BLDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.51 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.01. The company had revenue of $3.66 billion for 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%. Builders FirstSource's revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 earnings per share. As a group, analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

Builders FirstSource announced that its board has initiated a stock repurchase program on Thursday, May 1st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

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.