Paul S. Levy Buys 800,000 Shares of Builders FirstSource, Inc. (BLDR) Stock
Builders FirstSource, Inc. (NASDAQ:BLDR) Director Paul S. Levy purchased 800,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average cost of $16.17 per share, for a total transaction of $12,936,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Builders FirstSource, Inc. (BLDR) traded up 0.36% during trading on Friday, hitting $16.63. The stock had a trading volume of 2,610,828 shares. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 11.01 and a beta of 2.11. Builders FirstSource, Inc. has a 12 month low of $9.04 and a 12 month high of $17.22. The firm has a 50 day moving average of $15.90 and a 200-day moving average of $15.14.
Builders FirstSource (NASDAQ:BLDR) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Builders FirstSource had a net margin of 2.60% and a return on equity of 43.83%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts predict that Builders FirstSource, Inc. will post $1.12 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Deutsche Bank AG increased their price target on Builders FirstSource from $17.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Wedbush reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Thursday. BidaskClub raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Zacks Investment Research raised Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, FBR & Co reissued a “buy” rating and set a $20.00 price target on shares of Builders FirstSource in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $17.29.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Builders FirstSource by 68.3% during the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock valued at $143,000 after purchasing an additional 3,861 shares during the period. US Bancorp DE lifted its position in Builders FirstSource by 49.2% during the first quarter. US Bancorp DE now owns 72,231 shares of the company’s stock valued at $1,077,000 after purchasing an additional 23,811 shares during the period. Globeflex Capital L P acquired a new position in Builders FirstSource during the first quarter valued at $1,343,000. Peregrine Capital Management LLC acquired a new position in Builders FirstSource during the second quarter valued at $7,059,000. Finally, Wells Fargo & Company MN lifted its position in Builders FirstSource by 24.6% during the first quarter. Wells Fargo & Company MN now owns 281,497 shares of the company’s stock valued at $4,194,000 after purchasing an additional 55,596 shares during the period. Institutional investors own 85.48% of the company’s stock.
Builders FirstSource Company Profile
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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