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

Bank of New York Mellon Corp trimmed its position in shares of Builders FirstSource, Inc. (NYSE:BLDR - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,082,250 shares of the company's stock after selling 30,547 shares during the period. Bank of New York Mellon Corp owned approximately 0.94% of Builders FirstSource worth $154,686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mountaineer Partners Management LLC acquired a new position in shares of Builders FirstSource in the third quarter worth $2,099,877,000. FMR LLC grew its stake in Builders FirstSource by 45.7% during the 3rd quarter. FMR LLC now owns 10,158,152 shares of the company's stock worth $1,969,259,000 after purchasing an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in Builders FirstSource during the 3rd quarter worth about $267,132,000. Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource in the 3rd quarter valued at about $255,867,000. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Builders FirstSource by 256,479.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 661,976 shares of the company's stock valued at $128,331,000 after buying an additional 661,718 shares during the period. 95.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BLDR. Loop Capital dropped their price objective on shares of Builders FirstSource from $205.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Benchmark cut their price target on Builders FirstSource from $200.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. BMO Capital Markets lowered their price objective on Builders FirstSource from $175.00 to $168.00 and set a "market perform" rating for the company in a research report on Monday, February 24th. Truist Financial cut their target price on Builders FirstSource from $220.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, February 21st. Finally, DA Davidson upped their price target on Builders FirstSource from $169.00 to $175.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $190.72.

Builders FirstSource Stock Performance

Shares of NYSE:BLDR traded down $2.19 during trading on Tuesday, reaching $132.73. The company had a trading volume of 1,853,398 shares, compared to its average volume of 1,569,686. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.77 and a quick ratio of 1.16. The stock's fifty day moving average price is $152.54 and its 200 day moving average price is $169.95. Builders FirstSource, Inc. has a fifty-two week low of $127.50 and a fifty-two week high of $214.70. The firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.18 by $0.13. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.90 billion. Builders FirstSource had a net margin of 6.57% and a return on equity of 30.54%. As a group, equities research analysts predict that Builders FirstSource, Inc. will post 11.59 EPS for the current year.

About Builders FirstSource

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.