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.

Insider Buying and Selling by Quarter for Builders FirstSource (NASDAQ:BLDR)

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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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