Amalgamated Bank Boosts Stake in Builders FirstSource, Inc. (NASDAQ:BLDR)

Amalgamated Bank lifted its holdings in Builders FirstSource, Inc. (NASDAQ:BLDR) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,021 shares of the company’s stock after acquiring an additional 2,729 shares during the quarter. Amalgamated Bank’s holdings in Builders FirstSource were worth $327,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Carillon Tower Advisers Inc. acquired a new stake in shares of Builders FirstSource in the fourth quarter worth $72,560,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Builders FirstSource by 0.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 613,750 shares of the company’s stock worth $13,374,000 after buying an additional 2,650 shares in the last quarter. Sawgrass Asset Management LLC purchased a new stake in Builders FirstSource during the fourth quarter worth $1,801,000. Suntrust Banks Inc. boosted its holdings in Builders FirstSource by 13.6% during the fourth quarter. Suntrust Banks Inc. now owns 23,076 shares of the company’s stock worth $502,000 after buying an additional 2,757 shares in the last quarter. Finally, American International Group Inc. boosted its holdings in Builders FirstSource by 14.6% during the fourth quarter. American International Group Inc. now owns 74,373 shares of the company’s stock worth $1,621,000 after buying an additional 9,485 shares in the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

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BLDR traded down $0.17 during midday trading on Friday, hitting $19.70. 917,493 shares of the company traded hands, compared to its average volume of 804,193. The company has a quick ratio of 0.99, a current ratio of 1.75 and a debt-to-equity ratio of 4.71. The company has a market cap of $2,248.16, a price-to-earnings ratio of 15.51 and a beta of 2.05. Builders FirstSource, Inc. has a 52-week low of $13.33 and a 52-week high of $23.28.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.23. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.70 billion. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. research analysts forecast that Builders FirstSource, Inc. will post 1.76 EPS for the current year.

A number of analysts recently issued reports on the stock. Barclays set a $21.00 price target on shares of Builders FirstSource and gave the stock a “hold” rating in a report on Sunday, January 7th. Wedbush set a $30.00 price target on shares of Builders FirstSource and gave the stock an “outperform” rating in a report on Friday, January 12th. Stifel Nicolaus increased their price target on shares of Builders FirstSource from $23.00 to $26.50 and gave the stock a “buy” rating in a report on Monday, January 22nd. Stephens reissued a “buy” rating and set a $27.00 price target on shares of Builders FirstSource in a report on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 11th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and a consensus target price of $23.41.

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 194,043 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of $21.66, for a total transaction of $4,202,971.38. Following the transaction, the senior vice president now directly owns 442,148 shares of the company’s stock, valued at $9,576,925.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Morris E. Tolly sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $21.25, for a total transaction of $1,062,500.00. Following the completion of the transaction, the chief operating officer now directly owns 128,344 shares in the company, valued at $2,727,310. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 409,650 shares of company stock worth $8,790,722. Insiders own 14.60% of the company’s stock.

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Builders FirstSource Profile

Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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