Builders FirstSource Inc. (NASDAQ:BLDR) shares traded down 2.5% on Thursday . The stock traded as low as $13.24 and last traded at $13.40, with a volume of 381,171 shares. The stock had previously closed at $13.74.

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

The stock’s 50 day moving average price is $12.92 and its 200-day moving average price is $11.36. The stock’s market cap is $1.48 billion.

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

In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 70,000 shares of Builders FirstSource stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $12.56, for a total transaction of $879,200.00. Following the transaction, the senior vice president now owns 373,238 shares of the company’s stock, valued at approximately $4,687,869.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO M Chad Crow sold 117,250 shares of Builders FirstSource stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $11.98, for a total value of $1,404,655.00. Following the transaction, the chief financial officer now directly owns 428,699 shares in the company, valued at approximately $5,135,814.02. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Builders FirstSource stock. Ameriprise Financial Inc. raised its stake in shares of Builders FirstSource Inc. (NASDAQ:BLDR) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 164,914 shares of the company’s stock after buying an additional 7,023 shares during the period. Ameriprise Financial Inc. owned about 0.16% of Builders FirstSource worth $1,827,000 as of its most recent filing with the SEC.

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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