Bank of New York Mellon Corp Has $4,165,000 Position in Builders FirstSource, Inc. (BLDR)

Bank of New York Mellon Corp Has $4,165,000 Position in Builders FirstSource, Inc. (BLDR)

Bank of New York Mellon Corp cut its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,877 shares of the company’s stock after selling 15,766 shares during the period. Bank of New York Mellon Corp owned approximately 0.33% of Builders FirstSource worth $4,165,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC acquired a new position in shares of Builders FirstSource during the second quarter valued at $122,000. BlackRock Inc. raised its position in shares of Builders FirstSource by 193.3% in the second quarter. BlackRock Inc. now owns 11,392 shares of the company’s stock valued at $128,000 after buying an additional 7,508 shares in the last quarter. Palo Capital Inc. acquired a new position in shares of Builders FirstSource during the third quarter valued at $137,000. Teacher Retirement System of Texas raised its position in shares of Builders FirstSource by 35.5% in the second quarter. Teacher Retirement System of Texas now owns 12,319 shares of the company’s stock valued at $139,000 after buying an additional 3,226 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Builders FirstSource by 39.5% in the second quarter. Legal & General Group Plc now owns 12,946 shares of the company’s stock valued at $142,000 after buying an additional 3,664 shares in the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.

Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 11.38 on Friday. The company has a 50-day moving average of $11.45 and a 200-day moving average of $11.68. The company has a market cap of $1.27 billion, a P/E ratio of 10.00 and a beta of 2.39. Builders FirstSource, Inc. has a 52-week low of $6.50 and a 52-week high of $14.09.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, November 3rd. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.23. Builders FirstSource had a net margin of 2.03% and a return on equity of 49.20%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post $0.90 earnings per share for the current fiscal year.

Several research firms have weighed in on BLDR. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Wedbush reiterated an “outperform” rating and issued a $18.00 target price on shares of Builders FirstSource in a report on Monday, November 7th. FBR & Co reiterated an “outperform” rating and issued a $15.00 target price on shares of Builders FirstSource in a report on Tuesday, November 29th. Barclays PLC began coverage on shares of Builders FirstSource in a report on Thursday, January 5th. They issued an “equal weight” rating and a $12.00 target price on the stock. Finally, Seaport Global Securities began coverage on shares of Builders FirstSource in a report on Tuesday, November 22nd. They issued a “buy” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.00.

In other news, CEO Floyd F. Sherman sold 12,403 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $11.26, for a total value of $139,657.78. Following the transaction, the chief executive officer now owns 641,807 shares in the company, valued at approximately $7,226,746.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 36.20% of the company’s stock.

About Builders FirstSource

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.

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