Builders FirstSource, Inc. (BLDR) SVP Sells $3,027,526.24 in Stock
Builders FirstSource, Inc. (NASDAQ:BLDR) SVP Donald F. Mcaleenan sold 166,714 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.16, for a total value of $3,027,526.24. Following the transaction, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Builders FirstSource, Inc. (NASDAQ BLDR) traded up $0.31 during trading hours on Wednesday, hitting $18.27. The stock had a trading volume of 1,112,200 shares, compared to its average volume of 1,198,565. The firm has a market cap of $2,060.00, a PE ratio of 17.44 and a beta of 2.14. Builders FirstSource, Inc. has a twelve month low of $10.13 and a twelve month high of $18.82. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46.
Builders FirstSource (NASDAQ:BLDR) last posted its earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Builders FirstSource had a return on equity of 33.66% and a net margin of 1.29%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $0.61 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts forecast that Builders FirstSource, Inc. will post 1.06 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $110,000. SG Americas Securities LLC purchased a new stake in shares of Builders FirstSource in the 2nd quarter valued at about $114,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Builders FirstSource by 17.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,495 shares of the company’s stock valued at $130,000 after purchasing an additional 1,253 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings 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 valued at $131,000 after purchasing an additional 8,497 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Builders FirstSource in the 3rd quarter valued at about $147,000. 86.23% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on BLDR. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC upped their price objective on Builders FirstSource from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Friday, November 10th. B. Riley upped their price objective on Builders FirstSource from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Finally, Wedbush reaffirmed a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and a consensus price target of $19.50.
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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