State Street Corp raised its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 6.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,544,450 shares of the company’s stock after buying an additional 96,123 shares during the period. State Street Corp’s holdings in Builders FirstSource were worth $23,012,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. 1st Global Advisors Inc. increased its stake in shares of Builders FirstSource by 17.0% in the first quarter. 1st Global Advisors Inc. now owns 13,557 shares of the company’s stock worth $202,000 after buying an additional 1,971 shares during the last quarter. National Investment Services Inc. WI increased its stake in shares of Builders FirstSource by 17.9% in the first quarter. National Investment Services Inc. WI now owns 14,950 shares of the company’s stock worth $223,000 after buying an additional 2,266 shares during the last quarter. American International Group Inc. increased its stake in shares of Builders FirstSource by 7.1% in the first quarter. American International Group Inc. now owns 51,644 shares of the company’s stock worth $769,000 after buying an additional 3,417 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after buying an additional 3,861 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Builders FirstSource by 0.7% in the first quarter. Royce & Associates LP now owns 632,178 shares of the company’s stock worth $9,419,000 after buying an additional 4,200 shares during the last quarter. 84.81% of the stock is owned by institutional investors.

Shares of Builders FirstSource, Inc. (NASDAQ BLDR) traded down 0.84% during mid-day trading on Wednesday, hitting $16.49. The company had a trading volume of 124,578 shares. Builders FirstSource, Inc. has a 52 week low of $9.04 and a 52 week high of $16.83. The firm has a market capitalization of $1.85 billion, a PE ratio of 11.52 and a beta of 2.16. The firm has a 50-day moving average price of $15.51 and a 200-day moving average price of $14.40.

Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. Equities analysts forecast that Builders FirstSource, Inc. will post $1.11 earnings per share for the current year.

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A number of analysts recently commented on the company. Zacks Investment Research downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Citigroup Inc. increased their price target on Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, May 11th. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target (up from $19.00) on shares of Builders FirstSource in a research report on Wednesday, May 17th. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.

In other Builders FirstSource news, CEO Floyd F. Sherman sold 35,000 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the completion of the sale, the chief executive officer now directly owns 633,635 shares in the company, valued at approximately $9,447,497.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Morris E. Tolly sold 50,268 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $14.81, for a total transaction of $744,469.08. Following the sale, the insider now owns 126,205 shares of the company’s stock, valued at $1,869,096.05. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by insiders.

Builders FirstSource Company Profile

Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.

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Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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