QS Investors LLC increased its stake in Builders FirstSource, Inc. (NASDAQ:BLDR) by 376,542.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 177,022 shares of the company’s stock after purchasing an additional 176,975 shares during the quarter. QS Investors LLC owned approximately 0.16% of Builders FirstSource worth $3,857,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in Builders FirstSource in the third quarter worth $110,000. Victory Capital Management Inc. purchased a new stake in Builders FirstSource during the third quarter valued at about $147,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Builders FirstSource by 58.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,462 shares of the company’s stock valued at $163,000 after buying an additional 2,766 shares during the period. Trexquant Investment LP purchased a new stake in Builders FirstSource during the third quarter valued at about $204,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in Builders FirstSource during the fourth quarter valued at about $207,000. 97.99% of the stock is currently owned by institutional investors.
In other news, SVP Donald F. Mcaleenan sold 194,043 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 442,148 shares in the company, valued at approximately $9,576,925.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Morris E. Tolly sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $21.25, for a total transaction of $1,062,500.00. Following the transaction, the chief operating officer now owns 128,344 shares of the company’s stock, valued at approximately $2,727,310. The disclosure for this sale can be found here. Over the last three months, insiders sold 409,650 shares of company stock valued at $8,790,722. 14.60% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on BLDR shares. BidaskClub raised shares of Builders FirstSource from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Seaport Global Securities reissued a “buy” rating and issued a $26.00 price target on shares of Builders FirstSource in a research note on Wednesday, January 3rd. Barclays set a $21.00 target price on shares of Builders FirstSource and gave the company a “hold” rating in a research note on Sunday, January 7th. Finally, Wedbush set a $30.00 target price on shares of Builders FirstSource and gave the company an “outperform” rating in a research note on Friday, January 12th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Builders FirstSource has a consensus rating of “Buy” and a consensus price target of $23.41.
NASDAQ BLDR traded down $0.17 on Friday, reaching $19.70. The company had a trading volume of 917,493 shares, compared to its average volume of 804,193. 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 company has a market cap of $2,248.16, a P/E ratio of 15.51 and a beta of 2.05. Builders FirstSource, Inc. has a 12 month low of $13.33 and a 12 month high of $23.28.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. Builders FirstSource had a net margin of 0.55% and a return on equity of 39.79%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the company posted $0.16 EPS. The business’s revenue was up 15.0% on a year-over-year basis. analysts forecast that Builders FirstSource, Inc. will post 1.76 EPS for the current fiscal year.
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Builders FirstSource Profile
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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