Builders FirstSource, Inc. (NASDAQ:BLDR) SVP Donald F. Mcaleenan sold 166,714 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Builders FirstSource, Inc. (NASDAQ:BLDR) traded up $0.20 during midday trading on Friday, reaching $18.67. The company’s stock had a trading volume of 1,921,100 shares, compared to its average volume of 1,205,581. Builders FirstSource, Inc. has a 1-year low of $10.34 and a 1-year high of $18.86. The company has a current ratio of 1.86, a quick ratio of 1.06 and a debt-to-equity ratio of 4.46. The stock has a market cap of $2,160.00, a PE ratio of 17.93 and a beta of 2.14.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping the 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 analysts’ expectations of $1.87 billion. During the same quarter last year, the business posted $0.61 EPS. The business’s revenue was up 7.6% on a year-over-year basis. equities analysts forecast that Builders FirstSource, Inc. will post 1.06 EPS for the current year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLDR. BlackRock Inc. lifted 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 worth $94,602,000 after buying an additional 6,339,950 shares during the period. Vanguard Group Inc. lifted 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 worth $88,124,000 after buying an additional 1,053,799 shares during the period. Eagle Asset Management Inc. lifted its holdings in Builders FirstSource by 30.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 4,224,149 shares of the company’s stock worth $74,936,000 after buying an additional 997,132 shares during the period. Hodges Capital Management Inc. purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $12,170,000. Finally, Impala Asset Management LLC purchased a new stake in Builders FirstSource in the 2nd quarter worth approximately $9,498,000. Institutional investors and hedge funds own 86.23% of the company’s stock.
Several brokerages recently weighed in on BLDR. Wedbush restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Thursday, September 7th. Deutsche Bank AG increased their target price on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. B. Riley increased their target price on Builders FirstSource from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, November 10th. SunTrust Banks, Inc. restated a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Friday, November 10th. Finally, Barclays PLC increased their target price on Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Builders FirstSource currently has an average rating of “Buy” and an average price target of $19.50.
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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