Builders FirstSource, Inc. (NASDAQ:BLDR) Director Robert C. Griffin sold 17,655 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $16.83, for a total transaction of $297,133.65. Following the completion of the transaction, the director now directly owns 40,050 shares in the company, valued at $674,041.50. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.73 on Thursday. The stock has a market capitalization of $1.88 billion, a PE ratio of 11.07 and a beta of 2.11. Builders FirstSource, Inc. has a 52-week low of $9.04 and a 52-week high of $17.22. The stock’s 50 day moving average is $15.98 and its 200 day moving average is $15.25.

Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts expect that Builders FirstSource, Inc. will post $1.12 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. bought a new position in shares of Builders FirstSource in the 1st quarter worth about $108,000. SG Americas Securities LLC bought a new position in shares of Builders FirstSource in the 2nd quarter worth about $114,000. PNC Financial Services Group Inc. lifted its position in shares of Builders FirstSource by 10,237.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,580 shares of the company’s stock worth $131,000 after buying an additional 8,497 shares during the last quarter. Invictus RG bought a new position in shares of Builders FirstSource in the 1st quarter worth about $140,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Builders FirstSource by 68.3% in the 1st 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. Hedge funds and other institutional investors own 85.48% of the company’s stock.

A number of research analysts have weighed in on BLDR shares. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Wedbush restated an “outperform” rating and set a $20.00 price target (up previously from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. FBR & Co restated a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Tuesday, June 27th. Finally, Deutsche Bank AG raised their price target on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.29.

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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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