AlphaCrest Capital Management LLC bought a new position in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,800 shares of the company’s stock, valued at approximately $384,000.
A number of other large investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new position in Builders FirstSource in the fourth quarter worth approximately $30,000. Meeder Asset Management Inc. grew its position in Builders FirstSource by 59.0% in the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after buying an additional 1,213 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Builders FirstSource by 2,338.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,389 shares of the company’s stock worth $37,000 after buying an additional 3,250 shares during the last quarter. First Quadrant L P CA acquired a new position in Builders FirstSource in the first quarter worth approximately $80,000. Finally, SG Americas Securities LLC acquired a new position in Builders FirstSource in the first quarter worth approximately $120,000. 93.27% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ BLDR opened at $15.35 on Friday. Builders FirstSource, Inc. has a twelve month low of $10.15 and a twelve month high of $19.68. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.02 and a current ratio of 1.88. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 1.77 and a beta of 2.05.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. Builders FirstSource had a net margin of 2.84% and a return on equity of 41.88%. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the company posted $0.24 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts expect that Builders FirstSource, Inc. will post 1.67 earnings per share for the current year.
In other Builders FirstSource news, SVP Donald F. Mcaleenan sold 116,327 shares of Builders FirstSource stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $16.38, for a total transaction of $1,905,436.26. Following the transaction, the senior vice president now directly owns 324,476 shares in the company, valued at approximately $5,314,916.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO M Chad Crow sold 123,740 shares of Builders FirstSource stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $15.85, for a total transaction of $1,961,279.00. Following the transaction, the chief executive officer now owns 420,736 shares in the company, valued at $6,668,665.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 500,146 shares of company stock worth $8,134,697. Corporate insiders own 2.20% of the company’s stock.
BLDR has been the topic of several recent research reports. BidaskClub lowered shares of Builders FirstSource from a “buy” rating to a “hold” rating in a research report on Friday, April 19th. ValuEngine upgraded shares of Builders FirstSource from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Buckingham Research initiated coverage on shares of Builders FirstSource in a research report on Monday, February 25th. They issued a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, May 9th. Finally, TheStreet upgraded shares of Builders FirstSource from a “c+” rating to a “b-” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.54.
ILLEGAL ACTIVITY WARNING: “AlphaCrest Capital Management LLC Buys New Holdings in Builders FirstSource, Inc. (NASDAQ:BLDR)” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2019/06/14/alphacrest-capital-management-llc-buys-new-holdings-in-builders-firstsource-inc-nasdaqbldr.html.
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. It offers lumber and lumber sheet goods comprising dimensional lumber, plywood, and oriented strand board products that are used in on-site house framing; manufactured products, such as wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood products; and windows, and interior and exterior door units, as well as interior trims and custom products under the Synboard brand name.
Featured Article: Dollar Cost Averaging
Want to see what other hedge funds are holding BLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Builders FirstSource, Inc. (NASDAQ:BLDR).
Receive News & Ratings for Builders FirstSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Builders FirstSource and related companies with MarketBeat.com's FREE daily email newsletter.