Builders FirstSource, Inc. (BLDR) Holdings Cut by Highbridge Capital Management LLC

Highbridge Capital Management LLC lessened its position in Builders FirstSource, Inc. (NASDAQ:BLDR) by 8.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 219,655 shares of the company’s stock after selling 20,345 shares during the period. Highbridge Capital Management LLC owned 0.19% of Builders FirstSource worth $3,952,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $114,000. Victory Capital Management Inc. bought a new stake in shares of Builders FirstSource during the 3rd quarter valued at about $147,000. Ameritas Investment Partners Inc. boosted its stake in shares of Builders FirstSource by 17.3% during 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 in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Builders FirstSource by 10,237.3% during 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 in the last quarter. Finally, Wilen Investment Management CORP. bought a new stake in shares of Builders FirstSource during the 2nd quarter valued at about $150,000. 94.55% of the stock is currently owned by institutional investors and hedge funds.

Builders FirstSource, Inc. (BLDR) opened at $20.04 on Thursday. Builders FirstSource, Inc. has a 12-month low of $10.56 and a 12-month high of $20.86. The stock has a market cap of $2,308.52, a PE ratio of 19.84 and a beta of 2.15. The company has a debt-to-equity ratio of 4.46, a quick ratio of 1.06 and a current ratio of 1.86.

Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Builders FirstSource had a net margin of 1.29% and a return on equity of 33.66%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $0.61 EPS. Builders FirstSource’s revenue was up 7.6% on a year-over-year basis. equities analysts anticipate that Builders FirstSource, Inc. will post 1.06 earnings per share for the current year.

A number of brokerages have recently weighed in on BLDR. ValuEngine lowered shares of Builders FirstSource from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. SunTrust Banks reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a research note on Friday, November 10th. Barclays lifted their target price on shares of Builders FirstSource from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Finally, Citigroup lifted their target price on shares of Builders FirstSource from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. One 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 has an average rating of “Buy” and an average target price of $20.00.

In other Builders FirstSource news, CFO Peter M. Jackson sold 12,500 shares of Builders FirstSource stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $20.51, for a total value of $256,375.00. Following the completion of the transaction, the chief financial officer now directly owns 26,587 shares of the company’s stock, valued at $545,299.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donald F. Mcaleenan sold 166,714 shares of Builders FirstSource stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.16, for a total transaction of $3,027,526.24. Following the completion of the transaction, the senior vice president now directly owns 179,805 shares of the company’s stock, valued at $3,265,258.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 377,598 shares of company stock valued at $6,950,025. 14.60% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Builders FirstSource (NASDAQ:BLDR)

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