Builders FirstSource Inc. (NASDAQ:BLDR) shares dropped 2.6% on Friday . The stock traded as low as $12.12 and last traded at $12.13, with a volume of 1,159,047 shares trading hands. The stock had previously closed at $12.45.

BLDR has been the topic of several research reports. Sterne Agee CRT reiterated a “buy” rating and issued a $19.00 price objective on shares of Builders FirstSource in a research note on Thursday, April 14th. SunTrust Banks Inc. initiated coverage on shares of Builders FirstSource in a research note on Tuesday, April 19th. They issued a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. FBR & Co initiated coverage on shares of Builders FirstSource in a research note on Wednesday, June 1st. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a research note on Tuesday, June 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Builders FirstSource currently has an average rating of “Buy” and a consensus price target of $14.57.

The firm’s market capitalization is $1.36 billion. The company has a 50 day moving average of $12.35 and a 200-day moving average of $10.76.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.05. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue was up 263.4% on a year-over-year basis. On average, analysts predict that Builders FirstSource Inc. will post $0.80 EPS 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 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 owns 669,210 shares of the company’s stock, valued at approximately $8,037,212.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Pincus Private Equity Warburg sold 13,263,266 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $10.40, for a total transaction of $137,937,966.40. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have modified their holdings of BLDR. Westfield Capital Management Co. LP raised its position in shares of Builders FirstSource by 9.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 2,366,487 shares of the company’s stock valued at $26,221,000 after buying an additional 211,737 shares during the period. Marshall Wace LLP raised its position in shares of 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. GSA Capital Partners LLP raised its position in shares of Builders FirstSource by 20.9% in the fourth quarter. GSA Capital Partners LLP now owns 107,000 shares of the company’s stock valued at $1,186,000 after buying an additional 18,533 shares during the period. Finally, Swiss National Bank raised its position in shares of Builders FirstSource by 8.4% in the fourth quarter. Swiss National Bank now owns 93,200 shares of the company’s stock valued at $1,033,000 after buying an additional 7,200 shares during the period.

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.