Builders FirstSource, Inc. (NASDAQ:BLDR) SVP Donald F. Mcaleenan sold 194,043 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $21.66, for a total value of $4,202,971.38. Following the completion of the transaction, the senior vice president now directly owns 442,148 shares in the company, valued at $9,576,925.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ BLDR opened at $19.70 on Friday. The company has a debt-to-equity ratio of 4.71, a quick ratio of 0.99 and a current ratio of 1.75. The stock has a market capitalization of $2,267.57, a price-to-earnings ratio of 15.65 and a beta of 2.05. Builders FirstSource, Inc. has a twelve month low of $13.33 and a twelve month high of $23.28.
Builders FirstSource (NASDAQ:BLDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.17 by $0.23. Builders FirstSource had a return on equity of 39.79% and a net margin of 0.55%. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company earned $0.16 EPS. The company’s revenue was up 15.0% on a year-over-year basis. research analysts forecast that Builders FirstSource, Inc. will post 1.76 EPS for the current fiscal year.
Several brokerages recently issued reports on BLDR. BidaskClub downgraded Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Wednesday, March 28th. Zacks Investment Research cut Builders FirstSource from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $30.00 price target on shares of Builders FirstSource in a research report on Thursday, March 1st. Stifel Nicolaus reaffirmed a “buy” rating on shares of Builders FirstSource in a research report on Friday, March 2nd. Finally, ValuEngine raised Builders FirstSource from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.41.
A number of institutional investors and hedge funds have recently bought and sold shares of BLDR. Cubist Systematic Strategies LLC purchased a new stake in Builders FirstSource in the 3rd quarter worth approximately $110,000. Victory Capital Management Inc. purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $147,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Builders FirstSource by 58.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after purchasing an additional 2,766 shares during the period. Trexquant Investment LP purchased a new position in shares of Builders FirstSource in the 3rd quarter valued at approximately $204,000. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Builders FirstSource in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 97.99% of the company’s stock.
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About Builders FirstSource
Builders FirstSource, Inc manufactures and supplies building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers in the United States. The company operates through four segments: Northeast, Southeast, South, and West. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand.
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