Donald F. Mcaleenan Sells 166,714 Shares of Builders FirstSource, Inc. (BLDR) Stock

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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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