Robert C. Griffin Sells 17,655 Shares of Builders FirstSource, Inc. (BLDR) Stock
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.
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.
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