Builders FirstSource Inc. (NASDAQ:BLDR) shares rose 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.

BLDR has been the topic of several recent research reports. Zacks Investment Research lowered Builders FirstSource from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Sterne Agee CRT restated a “buy” rating on shares of Builders FirstSource in a report on Monday, May 16th. FBR & Co assumed coverage on Builders FirstSource in a report 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 report on Tuesday, June 28th. Finally, Citigroup Inc. lifted their price target on Builders FirstSource from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.57.

The stock has a 50 day moving average price of $12.70 and a 200-day moving average price of $11.09. The stock’s market capitalization is $1.42 billion.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.05. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 263.4% on a year-over-year basis. On average, analysts predict that Builders FirstSource Inc. will post $0.78 EPS for the current fiscal year.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 270,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $12.01, for a total transaction of $3,242,700.00. Following the transaction, the chief executive officer now owns 669,210 shares in the company, valued at approximately $8,037,212.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donald F. Mcaleenan sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $12.56, for a total value of $879,200.00. Following the transaction, the senior vice president now owns 373,238 shares in the company, valued at approximately $4,687,869.28. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Builders FirstSource by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 206,698 shares of the company’s stock worth $2,291,000 after buying an additional 6,882 shares during the period. Swiss National Bank increased its stake in 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 last quarter. Finally, Westfield Capital Management Co. LP increased its stake in 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 last quarter.

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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