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

A number of research analysts recently issued reports on BLDR shares. Sterne Agee CRT reiterated a “buy” rating and set a $19.00 price objective on shares of Builders FirstSource in a research note on Thursday, April 14th. Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. SunTrust Banks Inc. started coverage on Builders FirstSource in a research note on Tuesday, April 19th. They set a “buy” rating and a $16.00 price objective for the company. Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a research note on Tuesday, June 28th. Finally, FBR & Co started coverage on Builders FirstSource in a research note on Wednesday, June 1st. They set an “outperform” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.25.

The stock has a 50 day moving average of $11.51 and a 200 day moving average of $10.22. The stock’s market cap is $1.35 billion.

Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the business earned ($0.52) earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities analysts predict that Builders FirstSource Inc. will post $0.88 earnings per share for the current fiscal year.

In other news, CEO Floyd F. Sherman sold 270,000 shares of the firm’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $12.01, for a total value of $3,242,700.00. Following the completion of the transaction, the chief executive officer now directly owns 669,210 shares in the company, valued at $8,037,212.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO M Chad Crow sold 39,467 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $11.22, for a total value of $442,819.74. Following the completion of the transaction, the chief financial officer now owns 363,699 shares of the company’s stock, valued at $4,080,702.78. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in the company. Boston Partners purchased a new position in shares of Builders FirstSource during the fourth quarter valued at about $14,052,000. Dimensional Fund Advisors LP raised its stake 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 valued at $25,201,000 after buying an additional 530,249 shares during the period. Mcclain Value Management LLC raised its stake in Builders FirstSource by 2,047.4% in the fourth quarter. Mcclain Value Management LLC now owns 553,129 shares of the company’s stock valued at $6,129,000 after buying an additional 527,371 shares during the period. Marshall Wace LLP raised its stake in Builders FirstSource by 1,535.0% in the fourth quarter. Marshall Wace LLP now owns 344,766 shares of the company’s stock valued at $3,820,000 after buying an additional 323,679 shares during the period. Finally, Bank of Montreal Can raised its stake 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 valued at $19,607,000 after buying an additional 275,896 shares during the period.

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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