Builders FirstSource Major Shareholder Stadium Capital Partners P Unloads 307,641 Shares (BLDR)
Builders FirstSource (NASDAQ:BLDR) major shareholder Stadium Capital Partners P sold 307,641 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $7.45, for a total transaction of $2,291,925.45. Following the sale, the insider now directly owns 12,050,911 shares of the company’s stock, valued at approximately $89,779,287. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Builders FirstSource (NASDAQ:BLDR) traded down 0.39% during mid-day trading on Tuesday, hitting $7.63. 831,846 shares of the company’s stock traded hands. Builders FirstSource has a 52-week low of $4.27 and a 52-week high of $7.33. The stock’s 50-day moving average is $5.77 and its 200-day moving average is $6.11. The company’s market cap is $742.2 million.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.06. The company had revenue of $402.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 38.1% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.03 earnings per share for the current fiscal year.
BLDR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Builders FirstSource from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $8.00 price target on the stock. Separately, analysts at Imperial Capital reiterated an “outperform” rating on shares of Builders FirstSource in a research note to investors on Monday. They now have a $8.50 price target on the stock, up previously from $8.00. Finally, analysts at Stephens upgraded shares of Builders FirstSource from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $8.17.
Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction.
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