Shares of Builders FirstSource Inc. (NASDAQ:BLDR) shot up 3.9% during mid-day trading on Tuesday . The stock traded as high as $13.24 and last traded at $13.17, with a volume of 622,400 shares. The stock had previously closed at $12.68.

Several research firms have issued reports on BLDR. FBR & Co began coverage on shares of Builders FirstSource in a research note on Wednesday, June 1st. They issued an “outperform” rating and a $16.00 target price on the stock. Credit Suisse Group AG reiterated a “hold” rating on shares of Builders FirstSource in a research note on Tuesday, June 28th. Citigroup Inc. increased their target price on shares of Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Sterne Agee CRT reiterated a “buy” rating on shares of Builders FirstSource in a research note on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and an average target price of $14.57.

The firm’s 50 day moving average is $12.65 and its 200-day moving average is $11.04. The company’s market cap is $1.44 billion.

Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share 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 analysts’ expectations of $1.72 billion. The firm’s revenue was up 263.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts expect that Builders FirstSource Inc. will post $0.78 earnings per share for the current year.

In related news, CFO M Chad Crow sold 117,250 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $11.98, for a total transaction of $1,404,655.00. Following the completion of the sale, the chief financial officer now directly owns 428,699 shares in the company, valued at $5,135,814.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Morris E. Tolly sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $12.43, for a total transaction of $621,500.00. Following the sale, the insider now owns 216,890 shares of the company’s stock, valued at $2,695,942.70. The disclosure for this sale can be found here.

A number of hedge funds have made changes to their positions in BLDR. Schwab Charles Investment Management Inc. raised its stake in shares of Builders FirstSource by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 206,698 shares of the company’s stock valued at $2,291,000 after buying an additional 6,882 shares during the period. Westfield Capital Management Co. LP raised its stake 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. Finally, Swiss National Bank raised its stake 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.

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