Builders FirstSource Inc. (NASDAQ:BLDR) shares rose 3% during trading on Monday . The stock traded as high as $13.76 and last traded at $13.40, with a volume of 773,076 shares trading hands. The stock had previously closed at $13.01.

BLDR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Builders FirstSource in a research report on Monday, May 16th. Citigroup Inc. raised their price objective on Builders FirstSource from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 8th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Builders FirstSource in a research report on Tuesday, June 28th. Finally, FBR & Co initiated coverage on Builders FirstSource in a research report on Wednesday, June 1st. They issued an “outperform” rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.57.

The firm has a 50 day moving average of $12.77 and a 200-day moving average of $11.15. The stock’s market capitalization is $1.50 billion.

Builders FirstSource (NASDAQ:BLDR) last issued its earnings results on Thursday, August 4th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.05. During the same period last year, the firm earned $0.14 earnings per share. The company earned $1.70 billion during the quarter, compared to analyst estimates of $1.72 billion. Builders FirstSource’s quarterly revenue was up 263.4% compared to the same quarter last year. Equities analysts predict that Builders FirstSource Inc. will post $0.78 earnings per share for the current year.

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 70,000 shares of the business’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 transaction of $879,200.00. Following the completion of the sale, the senior vice president now directly owns 373,238 shares of the company’s stock, valued at approximately $4,687,869.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Floyd F. Sherman sold 270,000 shares of the business’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 value of $3,242,700.00. Following the sale, the chief executive officer now directly owns 669,210 shares of the company’s stock, valued at $8,037,212.10. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Builders FirstSource stock. Swiss National Bank increased its position in Builders FirstSource Inc. (NASDAQ:BLDR) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,200 shares of the company’s stock after buying an additional 7,200 shares during the period. Swiss National Bank owned about 0.09% of Builders FirstSource worth $1,033,000 at the end of the most recent 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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