Weber Alan W Has $1,256,000 Position in Builders FirstSource, Inc. (NASDAQ:BLDR)
Weber Alan W continued to hold its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,000 shares of the company’s stock at the end of the second quarter. Builders FirstSource comprises approximately 0.7% of Weber Alan W’s holdings, making the stock its 29th largest position. Weber Alan W’s holdings in Builders FirstSource were worth $1,256,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in BLDR. Ameritas Investment Partners Inc. acquired a new stake in Builders FirstSource during the first quarter worth about $108,000. Invictus RG acquired a new stake in Builders FirstSource during the first quarter worth about $140,000. Envestnet Asset Management Inc. increased its stake in 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. Nine Chapters Capital Management LLC acquired a new stake in Builders FirstSource during the first quarter worth about $150,000. Finally, Gargoyle Investment Advisor L.L.C. acquired a new stake in Builders FirstSource during the first quarter worth about $177,000. 84.81% of the stock is currently owned by institutional investors.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.53 on Thursday. Builders FirstSource, Inc. has a 1-year low of $9.04 and a 1-year high of $17.22. The stock has a market cap of $1.86 billion, a P/E ratio of 11.55 and a beta of 2.16. The company’s 50-day moving average is $15.63 and its 200-day moving average is $14.54.
Builders FirstSource (NASDAQ:BLDR) last announced its earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that Builders FirstSource, Inc. will post $1.11 EPS for the current fiscal year.
A number of research firms recently issued reports on BLDR. Deutsche Bank AG upped their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. FBR & Co reaffirmed a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a research note on Tuesday, June 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price target (up previously from $19.00) on shares of Builders FirstSource in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $17.29.
In other news, CEO Floyd F. Sherman sold 35,000 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the transaction, the chief executive officer now owns 633,635 shares of the company’s stock, valued at approximately $9,447,497.85. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 14.60% of the company’s stock.
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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