DekaBank Deutsche Girozentrale bought a new position in Builders FirstSource, Inc. (NASDAQ:BLDR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,700 shares of the company’s stock, valued at approximately $112,000.
A number of other hedge funds have also recently modified their holdings of BLDR. Schwab Charles Investment Management Inc. lifted its position in Builders FirstSource by 10.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 517,813 shares of the company’s stock worth $11,284,000 after purchasing an additional 49,610 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Builders FirstSource by 181.3% during the fourth quarter. Fisher Asset Management LLC now owns 201,769 shares of the company’s stock valued at $4,397,000 after acquiring an additional 130,052 shares during the period. Boston Advisors LLC lifted its holdings in shares of Builders FirstSource by 4,820.1% during the fourth quarter. Boston Advisors LLC now owns 830,268 shares of the company’s stock valued at $18,092,000 after acquiring an additional 813,393 shares during the period. Eqis Capital Management Inc. lifted its holdings in shares of Builders FirstSource by 16.9% during the fourth quarter. Eqis Capital Management Inc. now owns 22,870 shares of the company’s stock valued at $498,000 after acquiring an additional 3,300 shares during the period. Finally, Morse Asset Management Inc lifted its holdings in shares of Builders FirstSource by 58.9% during the fourth quarter. Morse Asset Management Inc now owns 126,525 shares of the company’s stock valued at $2,757,000 after acquiring an additional 46,900 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.
Builders FirstSource stock opened at $19.30 on Friday. The company has a debt-to-equity ratio of 4.81, a current ratio of 2.09 and a quick ratio of 1.15. Builders FirstSource, Inc. has a 12-month low of $13.33 and a 12-month high of $23.28. The stock has a market capitalization of $2.22 billion, a P/E ratio of 15.20 and a beta of 2.07.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.08. Builders FirstSource had a return on equity of 41.83% and a net margin of 0.81%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. sell-side analysts predict that Builders FirstSource, Inc. will post 1.86 EPS for the current fiscal year.
In related news, CFO Peter M. Jackson sold 11,972 shares of Builders FirstSource stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $21.44, for a total value of $256,679.68. Following the completion of the transaction, the chief financial officer now directly owns 32,305 shares of the company’s stock, valued at $692,619.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donald F. Mcaleenan sold 194,043 shares of Builders FirstSource 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 transaction, the senior vice president now directly owns 442,148 shares of the company’s stock, valued at $9,576,925.68. The disclosure for this sale can be found here. Insiders sold 409,650 shares of company stock valued at $8,790,722 over the last ninety days. 2.30% of the stock is currently owned by company insiders.
A number of research analysts have issued reports on the company. BidaskClub raised Builders FirstSource from a “strong sell” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut Builders FirstSource from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. Wedbush reissued an “outperform” rating and set a $30.00 price objective on shares of Builders FirstSource in a report on Thursday, May 10th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Builders FirstSource in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Builders FirstSource presently has a consensus rating of “Buy” and a consensus price target of $23.14.
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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