Federated Investors Inc. PA Has $512,000 Stake in Builders FirstSource, Inc. (BLDR)
Federated Investors Inc. PA increased its position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 16,787.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,438 shares of the company’s stock after buying an additional 33,240 shares during the quarter. Federated Investors Inc. PA’s holdings in Builders FirstSource were worth $512,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Builders FirstSource by 68,569.7% in the 1st quarter. BlackRock Inc. now owns 6,349,196 shares of the company’s stock valued at $94,602,000 after purchasing an additional 6,339,950 shares during the last quarter. Vanguard Group Inc. increased its holdings in Builders FirstSource by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 5,914,387 shares of the company’s stock valued at $88,124,000 after purchasing an additional 1,053,799 shares during the last quarter. Morgan Stanley increased its holdings in Builders FirstSource by 185.2% in the 1st quarter. Morgan Stanley now owns 1,122,932 shares of the company’s stock valued at $16,732,000 after purchasing an additional 729,178 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Builders FirstSource in the 1st quarter valued at approximately $8,552,000. Finally, Peregrine Capital Management LLC acquired a new stake in Builders FirstSource in the 2nd quarter valued at approximately $7,059,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.62 on Thursday. The firm has a 50 day moving average of $16.10 and a 200 day moving average of $15.34. The firm has a market cap of $1.87 billion, a P/E ratio of 11.00 and a beta of 2.11. Builders FirstSource, Inc. has a 1-year low of $9.04 and a 1-year high of $17.22.
Builders FirstSource (NASDAQ:BLDR) last issued its earnings results 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 business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post $1.12 EPS for the current year.
Several research firms recently weighed in on BLDR. Zacks Investment Research upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Wedbush reiterated a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. BidaskClub downgraded shares of Builders FirstSource from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Deutsche Bank AG lifted their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, FBR & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Builders FirstSource in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $17.29.
In other news, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $16.17, for a total value of $218,006,802.09. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cleveland A. Christophe sold 36,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 48,181 shares in the company, valued at approximately $802,695.46. The disclosure for this sale can be found here. In the last three months, insiders sold 13,645,368 shares of company stock worth $220,735,138. Insiders own 14.60% of the company’s stock.
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Builders FirstSource 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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