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.
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