Builders FirstSource, Inc. (NASDAQ:BLDR) Director Cleveland A. Christophe sold 36,000 shares of the stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $16.66, for a total transaction of $599,760.00. Following the completion of the sale, the director now directly owns 48,181 shares in the company, valued at $802,695.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Builders FirstSource, Inc. (BLDR) opened at 16.22 on Friday. The company has a 50 day moving average of $16.05 and a 200-day moving average of $15.30. Builders FirstSource, Inc. has a 52-week low of $9.04 and a 52-week high of $17.22. The stock has a market capitalization of $1.83 billion, a P/E ratio of 10.73 and a beta of 2.11.

Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Builders FirstSource, Inc. will post $1.12 EPS for the current year.

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BLDR has been the topic of a number of recent analyst reports. Wedbush reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. Deutsche Bank AG increased their price objective on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reissued a “buy” rating and issued a $20.00 price objective on shares of Builders FirstSource in a research report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Builders FirstSource presently has an average rating of “Hold” and a consensus price target of $17.29.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in Builders FirstSource by 68.3% in the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after acquiring an additional 3,861 shares in the last quarter. US Bancorp DE raised its holdings in Builders FirstSource by 49.2% in the first quarter. US Bancorp DE now owns 72,231 shares of the company’s stock valued at $1,077,000 after acquiring an additional 23,811 shares in the last quarter. Globeflex Capital L P acquired a new stake in Builders FirstSource in the first quarter valued at $1,343,000. Peregrine Capital Management LLC acquired a new stake in Builders FirstSource in the second quarter valued at $7,059,000. Finally, Wells Fargo & Company MN raised its holdings in Builders FirstSource by 24.6% in the first quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock valued at $4,194,000 after acquiring an additional 55,596 shares in the last quarter. 85.48% of the stock is currently owned by hedge funds and other institutional investors.

About Builders FirstSource

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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