Bank of New York Mellon Corp Has $154.69 Million Stock Position in Builders FirstSource, Inc. (NYSE:BLDR)

Bank of New York Mellon Corp decreased its stake in Builders FirstSource, Inc. (NYSE:BLDR) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,082,250 shares of the company’s stock after selling 30,547 shares during the period. Bank of New York Mellon Corp’s holdings in Builders FirstSource were worth $154,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Mountaineer Partners Management LLC acquired a new stake in Builders FirstSource during the third quarter worth $2,099,877,000. FMR LLC boosted its stake in Builders FirstSource by 45.7% during the third quarter. FMR LLC now owns 10,158,152 shares of the company’s stock worth $1,969,259,000 after buying an additional 3,186,876 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Builders FirstSource by 20.7% during the fourth quarter. Baillie Gifford & Co. now owns 1,663,420 shares of the company’s stock worth $237,753,000 after buying an additional 285,458 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Builders FirstSource by 23.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,458,255 shares of the company’s stock worth $282,697,000 after buying an additional 277,897 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Builders FirstSource during the third quarter worth $255,867,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Wall Street Analysts Forecast Growth

BLDR has been the topic of a number of recent research reports. Truist Financial decreased their price target on shares of Builders FirstSource from $220.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Benchmark decreased their price target on shares of Builders FirstSource from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Loop Capital reduced their target price on shares of Builders FirstSource from $205.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. BMO Capital Markets reduced their target price on shares of Builders FirstSource from $175.00 to $168.00 and set a “market perform” rating on the stock in a research note on Monday, February 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Builders FirstSource from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.72.

Builders FirstSource Stock Performance

Builders FirstSource stock opened at $139.03 on Friday. The stock has a 50-day simple moving average of $153.05 and a 200 day simple moving average of $170.13. The company has a quick ratio of 1.16, a current ratio of 1.77 and a debt-to-equity ratio of 0.86. Builders FirstSource, Inc. has a 12-month low of $130.75 and a 12-month high of $214.70. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.80 and a beta of 2.12.

Builders FirstSource (NYSE:BLDR) last released its quarterly earnings results on Thursday, February 20th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.13. The business had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.90 billion. Builders FirstSource had a return on equity of 30.54% and a net margin of 6.57%. On average, research analysts anticipate that Builders FirstSource, Inc. will post 11.59 earnings per share for the current fiscal year.

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.