Builders FirstSource Inc. (NASDAQ:BLDR) shares traded up 2.9% on Wednesday . The stock traded as high as $11.64 and last traded at $11.59, with a volume of 575,550 shares traded. The stock had previously closed at $11.26.

Several research analysts recently weighed in on the stock. Credit Suisse Group AG restated a “hold” rating on shares of Builders FirstSource in a research report on Tuesday, June 28th. FBR & Co assumed coverage on shares of Builders FirstSource in a research report on Wednesday, June 1st. They issued an “outperform” rating and a $16.00 price objective on the stock. Sterne Agee CRT restated a “buy” rating on shares of Builders FirstSource in a research report on Monday, May 16th. Zacks Investment Research cut shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Finally, SunTrust Banks Inc. assumed coverage on shares of Builders FirstSource in a research report on Tuesday, April 19th. They issued a “buy” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $16.25.

The firm’s market cap is $1.28 billion. The company’s 50-day moving average price is $11.47 and its 200 day moving average price is $10.20.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.01. During the same quarter in the prior year, the firm earned ($0.52) earnings per share. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.37 billion. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Builders FirstSource Inc. will post $0.88 EPS for the current fiscal year.

In other news, major shareholder Pincus Private Equity Warburg sold 13,263,266 shares of Builders FirstSource stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $10.40, for a total transaction of $137,937,966.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Floyd F. Sherman sold 270,000 shares of Builders FirstSource stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $12.01, for a total value of $3,242,700.00. Following the transaction, the chief executive officer now directly owns 669,210 shares in the company, valued at $8,037,212.10. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Builders FirstSource by 30.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,274,634 shares of the company’s stock worth $25,201,000 after buying an additional 530,249 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Builders FirstSource during the fourth quarter worth approximately $20,636,000. Bank of Montreal Can boosted its position in Builders FirstSource by 18.5% in the fourth quarter. Bank of Montreal Can now owns 1,769,572 shares of the company’s stock worth $19,607,000 after buying an additional 275,896 shares in the last quarter. Boston Partners acquired a new position in Builders FirstSource during the fourth quarter worth approximately $14,052,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Builders FirstSource by 7.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 568,780 shares of the company’s stock worth $6,302,000 after buying an additional 41,850 shares in the last quarter.

Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction. The Company groups its building products and services into five product categories: Prefabricated Components, Windows & Doors, Lumber & Lumber Sheet Goods, Millwork, and Other Building Products & Services.

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