Floyd F. Sherman Sells 35,000 Shares of Builders FirstSource, Inc. (BLDR) Stock
Builders FirstSource, Inc. (NASDAQ:BLDR) CEO Floyd F. Sherman sold 35,000 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $14.91, for a total transaction of $521,850.00. Following the sale, the chief executive officer now owns 633,635 shares of the company’s stock, valued at $9,447,497.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Builders FirstSource, Inc. (NASDAQ BLDR) traded up 2.82% on Tuesday, reaching $15.31. 1,064,128 shares of the company’s stock traded hands. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $16.50. The stock has a 50-day moving average of $14.80 and a 200 day moving average of $13.37. The firm has a market cap of $1.72 billion, a P/E ratio of 10.70 and a beta of 2.23.
Builders FirstSource (NASDAQ:BLDR) last released its earnings results on Monday, May 8th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. Builders FirstSource had a return on equity of 48.88% and a net margin of 2.54%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period last year, the company earned ($0.13) earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts expect that Builders FirstSource, Inc. will post $1.09 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Cipher Capital LP increased its stake in Builders FirstSource by 171.9% in the fourth quarter. Cipher Capital LP now owns 113,382 shares of the company’s stock valued at $1,244,000 after buying an additional 71,677 shares during the period. State Street Corp increased its stake in Builders FirstSource by 5.2% in the fourth quarter. State Street Corp now owns 1,448,327 shares of the company’s stock valued at $15,886,000 after buying an additional 71,805 shares during the period. Oxford Asset Management acquired a new stake in Builders FirstSource during the fourth quarter valued at $1,390,000. Dimensional Fund Advisors LP increased its stake in Builders FirstSource by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,947,932 shares of the company’s stock valued at $32,340,000 after buying an additional 130,963 shares during the period. Finally, Royce & Associates LP increased its stake in Builders FirstSource by 26.2% in the fourth quarter. Royce & Associates LP now owns 627,978 shares of the company’s stock valued at $6,889,000 after buying an additional 130,500 shares during the period. Institutional investors and hedge funds own 85.83% of the company’s stock.
BLDR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Builders FirstSource from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Monday, March 27th. FBR & Co reiterated an “outperform” rating and set a $20.00 price target (up from $15.00) on shares of Builders FirstSource in a report on Friday, March 10th. Citigroup Inc. upped their price target on shares of Builders FirstSource from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, May 11th. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price target (up from $19.00) on shares of Builders FirstSource in a report on Wednesday, May 17th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $17.00.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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