Insider Selling: Builders FirstSource Major Shareholder Unloads 49,788 Shares of Stock (BLDR)
Builders FirstSource (NASDAQ:BLDR) major shareholder Stadium Capital Partners P unloaded 49,788 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $7.76, for a total value of $386,354.88. Following the sale, the insider now directly owns 11,968,295 shares of the company’s stock, valued at approximately $92,873,969. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Builders FirstSource (NASDAQ:BLDR) traded down 3.14% during mid-day trading on Tuesday, hitting $7.41. The stock had a trading volume of 313,668 shares. Builders FirstSource has a one year low of $5.00 and a one year high of $7.94. The stock’s 50-day moving average is $7.01 and its 200-day moving average is $6.. The company’s market cap is $720.5 million.
Builders FirstSource (NASDAQ:BLDR) last released its earnings data on Thursday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. On average, analysts predict that Builders FirstSource will post $0.05 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Builders FirstSource from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $8.40 price target on the stock. Separately, analysts at Williams Capital raised their price target on shares of Builders FirstSource from $8.00 to $9.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.48.
Builders FirstSource, Inc is a supplier and manufacturer of structural and related building products for residential new construction.
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