Cleveland A. Christophe Sells 36,000 Shares of Builders FirstSource, Inc. (BLDR) Stock
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.
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