Builders FirstSource, Inc. (NASDAQ:BLDR) CFO Peter M. Jackson sold 4,328 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $20.20, for a total transaction of $87,425.60. Following the completion of the transaction, the chief financial officer now directly owns 53,096 shares of the company’s stock, valued at approximately $1,072,539.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:BLDR opened at $18.70 on Thursday. The company has a market capitalization of $2.27 billion, a P/E ratio of 9.36 and a beta of 2.03. Builders FirstSource, Inc. has a 52 week low of $10.15 and a 52 week high of $20.30. The company has a quick ratio of 0.96, a current ratio of 1.69 and a debt-to-equity ratio of 2.02. The business has a 50 day simple moving average of $17.47.
Builders FirstSource (NASDAQ:BLDR) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. Builders FirstSource had a return on equity of 39.63% and a net margin of 3.05%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. As a group, equities analysts anticipate that Builders FirstSource, Inc. will post 1.81 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. Wedbush set a $18.00 price objective on shares of Builders FirstSource and gave the stock a “buy” rating in a research note on Friday, May 3rd. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Buckingham Research boosted their price objective on shares of Builders FirstSource from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. ValuEngine downgraded shares of Builders FirstSource from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, May 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.00.
Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in shares of Builders FirstSource by 15.7% during the second quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the company’s stock worth $80,000 after purchasing an additional 645 shares in the last quarter. Creative Planning increased its position in shares of Builders FirstSource by 7.6% during the first quarter. Creative Planning now owns 11,269 shares of the company’s stock worth $150,000 after purchasing an additional 800 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Builders FirstSource by 59.0% during the first quarter. Meeder Asset Management Inc. now owns 3,269 shares of the company’s stock worth $44,000 after purchasing an additional 1,213 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Builders FirstSource by 7.3% during the second quarter. Janus Henderson Group PLC now owns 22,313 shares of the company’s stock worth $376,000 after purchasing an additional 1,522 shares in the last quarter. Finally, BBT Capital Management LLC increased its position in shares of Builders FirstSource by 5.0% during the first quarter. BBT Capital Management LLC now owns 32,080 shares of the company’s stock worth $428,000 after purchasing an additional 1,525 shares in the last quarter. 90.22% of the stock is currently owned by institutional investors and hedge funds.
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.
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